Everton in Search of New Buyer after Deal with 777 Partners Falls Through
Everton F.C. is currently facing a crucial turning point in its future as the proposed takeover deal with U.S. private equity firm 777 Partners collapses. The club’s majority owner, Farhad Moshiri, had struck an agreement last September to sell his stake in the club to 777 Partners.
After lengthy negotiations with both the club and the Premier League to prove its financial capabilities, 777 Partners missed the deadline to finalize the deal. This failure has left Everton in a difficult position, prompting the search for a new buyer or financial partner as quickly as possible.
Kosport Magazine’s Take
This news comes as a blow to Everton, as the club had hoped to secure long-term stability and financial backing with this deal. However, the club’s Board of Directors remains optimistic and determined to find a suitable solution for the club’s future.
Despite facing two separate points deductions by the Premier League for breaching profit and sustainability rules, Everton managed to avoid relegation to the EFL Championship this season. The club remains committed to providing updates on the situation through official channels.
Kosport Magazine will continue to closely monitor this developing story and provide updates as they become available. In the meantime, Everton fans can rest assured that the club will continue to operate as usual. Stay tuned for further updates on the club’s search for a new buyer or financial partner.
