After months of anticipation and multiple delays, a decision regarding 777 Partners’ takeover bid of Everton Football Club is finally expected to be made by the Premier League next week. The Miami-based operators of a global multi-club model had previously struck a deal with Farhad Moshiri, but the final approval has been pending league ratification.
Originally projected to be finalized in the latter part of 2023, the Premier League ruling has been delayed due to concerns surrounding the long-term financial viability of the deal. Richard Masters, the league’s chief executive, had previously stated that they were awaiting ‘satisfactory answers’ from 777 Partners regarding funding.
In a recent development, a delegation of senior figures from 777 Partners, led by Josh Wander, engaged in discussions with Premier League officials last week in an effort to address the outstanding concerns and bring the decision to a conclusion. Reports suggest that 777 Partners had provided substantial loans totaling £190 million to support Everton’s day-to-day operations during the extended waiting period.
Should the takeover bid be approved, it would signify the end of Farhad Moshiri’s tenure as the majority shareholder of Everton after what has been described as a turbulent eight years. The transition of ownership, if authorized, would mark a significant turning point in the club’s history and potentially usher in a new era for Everton Football Club under the stewardship of 777 Partners.
