{"id":92998,"date":"2023-09-15T09:35:25","date_gmt":"2023-09-15T09:35:25","guid":{"rendered":"https:\/\/stopsmokingway.com\/?p=92998"},"modified":"2023-09-15T09:35:25","modified_gmt":"2023-09-15T09:35:25","slug":"everton-owner-farhad-moshiri-confirms-deal-with-777","status":"publish","type":"post","link":"https:\/\/stopsmokingway.com\/soccer\/everton-owner-farhad-moshiri-confirms-deal-with-777\/","title":{"rendered":"Everton owner Farhad Moshiri CONFIRMS deal with 777"},"content":{"rendered":"<h1>Everton owner Farhad Moshiri CONFIRMS deal with 777 Partners, with controversial American investment firm taking 94.1% controlling stake in club<\/h1>\n<ul>\n<li><span>Everton owner Farhad Moshiri has been negotiating sale of Premier League side<\/span><\/li>\n<li><span>Toffees have been in turmoil for some time, barely escaping relegation<\/span><\/li>\n<li><span>Listen to the latest episode of Mail Sport&#8217;s podcast &#8216;It&#8217;s All Kicking Off!&#8217;\u00a0\u00a0<\/span><\/li>\n<\/ul>\n<p>Everton have announced that 777 Partners have agreed a deal to acquire Farhad Moshiri&#8217;s 94.1 per cent controlling stake in the football club.<\/p>\n<p>Talks had been ongoing all week and Moshiri has now agreed to sell the club to controversial 777, who are led by Josh Wander.<\/p>\n<p>A club statement this morning said that the transaction \u2018strengthens the club\u2019s balance sheet\u2019 and guarantees full funding for the new stadium at Bramley Moore Dock.<\/p>\n<p>Moshiri, who has been controlling shareholder since 2018, said: \u2018The nature of ownership and financing of top football clubs has changed immeasurably since I first invested in Everton over seven years ago.<\/p>\n<p>\u2018The days of an owner\/benefactor are seemingly out of reach for most, and the biggest clubs are now typically owned by well-resourced PE firms, specialist sports investors or state backed companies and funds.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/09\/15\/10\/75349081-12522057-Farhad_Moshiri_is_understood_to_be_seeking_an_equity_payment_of_-a-17_1694768741369.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>Farhad Moshiri (pictured) has announced a deal struck with 777 Partners, an investment firm<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/09\/15\/10\/75350847-12522057-image-a-16_1694768736379.jpg\" height=\"535\" width=\"306\"><\/p>\n<p>\u2018I have been open about the need to bring in new investment and complete the financing for our iconic new stadium at Bramley-Moore Dock, on the banks of the Mersey, which I have predominantly financed to date.<\/p>\n<p>\u2018I have spoken to a number of parties and considered some strong potential opportunities. However, it is through my lengthy discussions with 777 that I believe they are the best partners to take our great Club forward, with all the benefits of their multi-club investment model.<\/p>\n<p>\u2018As a result of this agreement, we have an experienced and well-connected investor in football clubs who will help maximise the commercial opportunities, and we have secured the complete financing for our new stadium, which will be the critical element in the future success of Everton.<\/p>\n<p>\u2018Today is an important next step in the successful development of Everton and I look forward to closely following as our Club goes from strength to strength.\u2019<\/p>\n<p>777 Partners operate a multi-club ownership model, while also holding a 45 per cent stake in the British Basketball League.\u00a0<\/p>\n<p>Other football clubs they have a majority stake in are Genoa, Vasco da Gama, Standard Liege, Red Star and Hertha Berlin.\u00a0<\/p>\n<p>While they also have minority stakes in Sevilla and Melbourne Victory.\u00a0<\/p>\n<p>More to follow&#8230;\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/09\/15\/10\/75399959-12522057-image-a-18_1694769012248.jpg\" height=\"425\" width=\"634\"><\/p>\n<p>777&#8217;s managing partner Josh Wander with be the face fronting the takeover<\/p>\n<h3>IT&#8217;S ALL KICKING OFF!\u00a0<\/h3>\n<p><span>It&#8217;s All Kicking Off\u00a0is an exciting new podcast from Mail Sport that promises a different take on Premier League football, launching with a preview show today and every week this season.<\/span><\/p>\n<p><span>It is available on MailOnline, Mail+, YouTube , Apple Music and Spotify<\/span><\/p>\n<p>Your browser does not support iframes.<\/p>\n<p>Source: <a href=\"https:\/\/www.dailymail.co.uk\/sport\/football\/article-12522057\/Everton-owner-Farhad-Moshiri-CONFIRMS-deal-American-Investment-firm-777.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Everton owner Farhad Moshiri CONFIRMS deal with 777 Partners, with controversial American investment firm taking 94.1% controlling stake in club<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - 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