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