Everton seem to be heading towards a takeover by American based firm 777 Partners. The news comes after strong links to MSP Sports Capital had surfaced, who were mulling to invest in the club.
It was rumoured that MSP Sports Capital would buy 25% stake in Everton for £105 million. Owner Farhad Moshiri has been seeking an investment for a long time now as the Bramley-Moore Dock stadium must be funded for completion in time. Through investment, Moshiri is also looking for expert guidance who can provide a roadmap and expand the Everton brand. For now, the development of the club’s global image has been in a haphazard fashion and it desperately needs some reform.
As things stand, 777 Partners have leapfrogged MSP Sports Capital in the race and now we are not looking at a minority stake sale but a full fledged takeover from the Miami based firm. 777 was found by Steve Pasko and Josh Wander in 2015 and since then they have been targeting investments in the sports, aviation, entertainment and fintech sectors.
Potential new Everton owners 777 Partners have investments in seven other clubs
If 777 complete the takeover of Everton in the coming months, the Merseyside club will be the eight club in their football portfolio. The investment firm has invested in some capacity in seven clubs across the globe. 777 Partners have more than $3 billion worth of assets under their management. Here are seven clubs that 777 have invested in:
777 invested in Spanish side Sevilla in 2018 and own a 15% stake which is roughly valued at $436.5 million. Despite having stake in the club, 777 do not have much influence in the boardroom because of their fallout with President Jose Castro. All’s not well with the club board and 777 as the American firm believes that Sevilla are missing out on expansion and marketing opportunities because of the tussle.
777 Partners acquired Genoa football club, which is the oldest club professional team in Italy. 777 partners acquired 99.99% shares, ending the ownership of businessman Enrico Prezioni. The Italian club was relegated to Serie B at the end of last season but are in a good position to reclaim their top flight status as they sit second in the Serie B with four games to go.
Vasco de Gama
The investment firm acquired a controlling stake of 70% in Brazilian side Vasco de Gama in February 2022. Back then Vasco were in the Brazilian second division but now ply their trade in the Brazilian Serie A. The deal is a record deal in Brazilian football as 777 Partners invested $137 million in the club.
Standard de Liege
In March 2022, 777 completed the full takeover of Belgian Club Standard de Liege. The US firm were appealed by the club’s strong brand and immense potential to expand in Europe and the world.
Red Star FC
777’s spree of investing in football clubs continued as the firm completed the takeover of French third division side Red Star FC in April 2022. The new owners injected more than €10 million for the renovation of the famous Stade Bauer stadium.
Melbourne Victory announced a strategic partnership with 777 Partners that would see the US firm acquire a minority stake with the option of allowing 777 to increase their stake to 70% over the next five years.
777 Partners continued their expansion in football by acquiring a majority stake of 64.7% in Hertha Berlin in March 2023. Although 777 has a majority stake in the club, Hertha Berlin retains the majority voting rights because of Germany’s laws. The acquisition of Hertha Berlin by 777 means that the US firm has investments in the top division teams of Spain, Germany and Italy.
Will 777 Partners complete the takeover of Everton soon?