Who are Everton’s potential new owners as Moshiri era coming to an end

For years, the Everton faithful has voiced their concerns over the underperformance of the Everton board, and more specifically majority owner Farhad Moshiri. They have been numerous protests calling for the board to resign and for Moshiri to sell his stake. In recent months, this dream has hinted at turning into reality.

Talks of a potential takeover or investment have been doing rounds for months now with Moshiri talking to multiple investment firms and consortiums. MSP Sports Capital were understood to be the frontrunners in the race to invest in the Merseyside club.

Moshiri is seeking investment in order to fund the construction of the new stadium and provide expertize on expanding the Everton brand on the globe. For long, it was expected that MSP Sports Capital will emerge as investors in Everton and buy a minority stake but as things stand 777 Partners are close to a takeover.

Who are Everton linked 777 Partners?

According to Tuttomercatoweb, 777 partners have become the frontrunners to acquire ownership of Everton, surpassing previously rumored MSP Sports Capital. 777, an American-based venture capital group in Miami, was co-founded in 2015 by Josh Wander and Steve Pasko. They hold investments in multiple industries, including aviation, insurance, and financial technology, among others. However, their investments in sports are what stand out.

777 took a 6 percent stake in Spanish club Sevilla in 2018. In September of 2021, they took full ownership of the oldest Italian club Genoa, who are in a position to earn promotion to Serie A after suffering relegation following the 2021-22 season.

In February of 2022, the group completed a record deal in Brazilian soccer with a 70 percent stake in Vasco De Gama with a valuation of $333 million. Just one month later, 777 bought 100 percent shares in Belgian club Standard Liege. Later that year in November, 777 moved in to purchase a 64 percent stake in German club Hertha Berlin after severe controversy surrounding majority owner Lars Windhorst.

777 partners also have stakes in Paris side Red Star FC and Australian powerhouse Melbourne City FC, who have topped their division the past two seasons and are currently atop the standings with a 10-point lead.

From this, we can see 777 Partners is a progressive and motivated group to expand its footprint in the sporting world. They are fresh faces in the football market that are looking to make a difference. They make moves when teams are struggling, teams that need fresh money circulating to stop the bleeding. This sounds exactly like Everton, who reported losses at the amount to $55 million this past season, and $379 million over the last three seasons.

These issues are compounded by the construction of a new stadium, Bramely-Moore Dock, which is set to cost around 500 million pounds. Surely Everton’s current owners are struggling to find the funding for this project. The club is also being investigated for alleged financial breaches. Everton could face further punishment if found guilty, possibly sending their fate of being relegated.

Moshiri first invested a stake in Everton in 2016 and has since increased his stake in the club to 94 percent. The Toffees are in their second consecutive relegation fight and are six games away from being sent down for the first time since 1951. The situation has become dire for some time now and change is needed for the club’s sake. The fans have suffered enough and they deserve a reflection of their passion to be present in the board room and at the top.

Will 777 Partners complete the takeover before the end of the season?