LONDON, Sept 15 — Everton have been sold to 777 Partners, the struggling Premier League club said today, with the US private equity firm taking over from Farhad Moshiri in a...
LONDON, Sept 15 — Everton have been sold to 777 Partners, the struggling Premier League club said today, with the US private equity firm taking over from Farhad Moshiri in a deal reports said was worth more than £550 million .
The firm 777 Partners has a number of clubs in its portfolio, including Italian side Genoa and Belgian team Standard Liege, while they also have stakes in LaLiga club Sevilla and Australian A-League side Melbourne Victory. Everton’s most recent figures showed a fifth straight year of losses — £44.7 million for the 2021-22 season — with their total loss over that period amounting to over £430 million.
Everton’s statement said the investment from 777 Partners would strengthen the club’s balance sheet and guarantee “full funding” of the stadium.
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