Everton have been sold to 777 Partners with the US private equity firm taking over from Farhad Moshiri in a deal reportedly worth more than £550m
to its stable of football clubs that includes Genoa, Sevilla, Vasco da Gama, Hertha Berlin, Standard Liège, Red Star in France and Melbourne Victory. The purchase of Everton, which could be completed by the end of this year, would be its biggest acquisition to date. The company will also have to provide proof of funding to the Premier League.
Everton’s owner, who will write to the club’s minority shareholders asking for their support in the coming days, confirmed: “The nature of ownership and financing of top football clubs has changed immeasurably since I first invested in Everton over seven years ago. The days of an owner/benefactor are seemingly out of reach for most, and the biggest clubs are now typically owned by well-resourced PE [private equity] firms, specialist sports investors or state backed companies and funds.
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