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☆ EPL soccer club Everton acquired by U.S. private equity firm 777 Partners
▼ + stars: | 2023-09-15 | by ( ) www.cnbc.com time to read: +1 min

The Everton badge with flags before the Premier League match between Everton FC and AFC Bournemouth at Goodison Park on May 28, 2023 in Liverpool, England. Everton have been sold to 777 Partners, the struggling Premier League club said on Friday, with the U.S. private equity firm taking over from Farhad Moshiri in a deal reportedly worth more than 550 million pounds ($685 million). The Miami-based investment fund said it had signed an agreement with British-Iranian billionaire Moshiri to acquire his 94.1% stake in the club. 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. By January 2022, he had increased his stake to 94.1% with a 100 million pounds capital injection.

Persons: Farhad Moshiri, Moshiri, Josh Wander Organizations: Everton, Premier League, Everton FC, AFC Bournemouth, Goodison Park, Partners, U.S, Genoa, Belgian, Standard Liege, Sevilla, League, Melbourne, Arsenal Locations: Liverpool, England, Miami, British, Italian, Australian

☆ Everton acquired by U.S. private equity firm 777 Partners
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +3 min

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. By January 2022, he had increased his stake to 94.1% with a 100 million pounds capital injection. Everton's most recent figures showed a fifth straight year of losses -- 44.7 million pounds for the 2021-22 season -- with their total loss over that period amounting to over 430 million pounds . Under Premier League rules, teams can make a maximum loss of 105 million pounds over three years, although special allowances were made for the COVID-19 pandemic. Everton's statement said the investment from 777 Partners would strengthen the club's balance sheet and guarantee "full funding" of the stadium.

Persons: Jason Cairnduff, Farhad Moshiri, Moshiri, Josh Wander, Bill Kenwright, Rohith Nair, Hritika Sharma, Toby Chopra, Christian Organizations: Soccer Football, Premier League, Everton, Brighton & Hove Albion, Goodison, Partners, U.S, Genoa, Belgian, Standard Liege, Sevilla, League, Melbourne, Arsenal, Thomson Locations: Liverpool, Britain, Miami, British, Italian, Australian, Merseyside, Moore, Liverpool's Vauxhall, Bramley, Bengaluru, Hyderabad

☆ Leicester City: From Premier League champion to Championship? 2016 title winner is on the brink of relegation
▼ + stars: | 2023-05-27 | by ( Matias Grez | ) edition.cnn.com time to read: +6 min

CNN —Leicester City’s Premier League triumph in 2015/16 remains one of the greatest achievements in the history of sport. With just one game left of the season, Leicester is in 18th place – the third and final relegation spot – on 31 points, two points adrift of Everton in 17th and safety. Former manager Brendan Rogers, who had been at the club since 2019, was sacked in April as Leicester made a last-ditch attempt to salvage its Premier League status by hiring Dean Smith. Of the teams facing relegation, Leicester certainly looks best placed to make an immediate return to the Premier League with some talented players and a potentially massive transfer budget from the sale of its stars. While Allardyce is known for his expertise in saving teams from relegation, his style of football could not be more different to Bielsa’s.

☆ Everton's 69-year top-flight run hanging by a thread
▼ + stars: | 2023-04-28 | by ( Mitch Phillips | ) www.reuters.com time to read: +4 min

Thursday's 4-1 home defeat to Newcastle United left Everton 19th on 28 points after mustering one win in 10 games. Their only realistic hope of survival is to claw their way above two of Leicester (29), Nottingham Forest (30) and Leeds (30). Last season a late surge hauled them to safety, with the team inspired by raucous support from the Goodison Park fans. Founder members of the Football League, they have spent only four seasons outside the top flight - 1930-31 and three in the early 1950s. "At a club like Everton the stakes should be high, that's what the players need to remember," Dyche said of the Leicester game.

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