Everton are reportedly on the verge of being sold to an American investment firm for £600m.
777 Partners have emerged as the club’s preferred bidder. The club are looking to rush through a sale as they look to save both their Premier League status and their £505m new stadium project, reports the Daily Mail.
However, it is claimed 777 Partners bid is dependent on the club preserving their top-flight status, which is in deep jeopardy with two games left. The Toffees sit one place above the relegation zone, just one point clear of third-bottom Leeds United. Their final games are away to Wolves and at home to Bournemouth.
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However, there is reportedly another option on the table in the shape of MSP Sports Capital, who are said to remain key to complete a takeover despite being overlooked for preferred bidder status. Other candidates are reportedly ‘circulating’ but running out of time to complete a deal.
The impending takeover would bring Farhad Moshiri’s deeply-disappointing reign at Goodison Park to an end. Moshiri and his fellow board members have not attended matches at Goodison Park recently due to their unpopularity with supporters, who are seeing their club fight relegation for the second successive season.
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777 Partners are based in Miami and have a wide range of interests in both sports, entertainment and other industries. In football, they also have stakes in Genoa, Vasco de Gama, Standard Liege and Sevilla.
They are said to be attracted by Everton’s potential and in particular the club’s new stadium, which is being built at Bramley Dock. They claim to “excel at identifying potential where others do not”, adding “it is one of our defining traits”.
They add: ‘We uncover unique opportunities to help undervalued teams transform from clubs into highly profitable media and entertainment properties’.
They have stakes in Genoa, Vasco de Gama, Standard Liege and Sevilla. In the field of aviation, they introduces a new class of ‘digital low-cost carriers’.
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