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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
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