LAGOS, Nigeria (VOICE OF NAIJA) – Discussions between 777 Partners and Everton’s majority shareholder, Farhad Moshiri, began after New York-based MSP Sports Capital terminated its exclusivity agreement with Moshiri.
777 Partners already boasts a portfolio of football clubs, including Sevilla, Genoa, Hertha Berlin, and Standard Liege.
Their potential involvement has sparked criticism, with Standard Liege fans demonstrating against their ownership during the last game.
Pending the fulfilment of all Premier League requirements, 777’s takeover may take several months to complete.
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Back in February, Moshiri had declared Everton as “not for sale” during discussions with the club’s fans’ advisory board. However, it now appears that the British-Iranian businessman is open to selling the club.
Despite investing over Ā£750 million since 2016, some Everton supporters have expressed dissatisfaction with Moshiri’s ownership, staging protests at Goodison Park last season and calling for him and the board to depart.
In the current Premier League season, Everton has yet to secure a win, with only one point from their first four games, leaving them in 18th place in the table.
They will face Arsenal at home after the international break, with the match broadcast live on Sky Sports.