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ALL POSTS TAGGED "777 Partners"

News

/ 1 day ago

Everton shareholders group calls on end of 777 Partners takeover

Public shareholders of Everton called upon the club's majority owner, Farhad Moshiri, to stop the sale of the club to 777 Partners. The group called the 'never-ending' transaction of the club disrespectful as the future of the club remains unclear. In a letter to Moshiri and the rest of the Everton ownership group, the shareholders' […]

News

/ 3 days ago

New twist in Everton takeover: 777 Partners accused of fraud

The prospective American owners of Everton, 777 Partners, are embroiled in a massive fraud investigation. Amidst a months-long takeover attempt for Premier League club Everton, their financial situation has come under scrutiny. To make matters worse, the Miami-based investment firm's effort to acquire the Toffees has hit yet another roadblock. One of 777 Partners' lenders […]

News

/ 8 days ago

Everton in talks with bankruptcy firm as 777 endures more issues

Everton is now receiving financial advice as they deal with potential bankruptcy issues. The Premier League side has been receiving a series of significant loans from 777 Partners to help cover operating costs. The Toffees have received over $250 million in loans from the firm. These advances have occurred regularly since the American firm initially […]

News

/ 15 days ago

Everton begins searching for other buyers as 777 deal collapses

Earlier in the 2023/24 season, Everton announced that it reached a deal with 777 Partners. After all the trials and questions regarding the private investment firm's finances, the Premier League failed to approve the takeover. That left Everton in limbo after receiving $200 million in loans from 777 Partners, money that it still owes the […]

News

/ 22 days ago

777 Partners get loan extension as Everton takeover in last lap

Everton's proposed ownership change inches closer to finally being completed thanks to a new development. 777 Partners previously agreed to purchase Farhad Moshiri's 94% of the Merseyside club way back in September. While deals regarding Premier League teams typically do not drag on for such a long period, this particular situation is quite different from […]

News

/ 22 days ago

777 Partners get loan extension as Everton takeover in last lap

Everton's proposed ownership change inches closer to finally being completed thanks to a new development. 777 Partners previously agreed to purchase Farhad Moshiri's 94% of the Merseyside club way back in September. While deals regarding Premier League teams typically do not drag on for such a long period, this particular situation is quite different from […]

News

/ 46 days ago

Big step: Everton's 777 Partners takeover talks reach next level

There may be a resolution on the horizon regarding Everton's protracted takeover by 777 Partners. A letter from the Premier League to 777 Partners, the potential owners of Everton, states that the league is "minded to approve" the acquisition, Bloomberg say. Last September, current owner Farhad Moshiri reached an agreement to sell the club to […]

News

/ 46 days ago

Big step: Everton's 777 Partners takeover talks reach next level

There may be a resolution on the horizon regarding Everton's protracted takeover by 777 Partners. A letter from the Premier League to 777 Partners, the potential owners of Everton, states that the league is "minded to approve" the acquisition, Bloomberg say. Last September, current owner Farhad Moshiri reached an agreement to sell the club to […]

News

/ 54 days ago

Everton set to go into administration with 777 takeover failure

If Everton can't get its finances under control, they might be forced into administration. Farhad Moshiri is eager to sell the club even though the Toffees have accrued about $764 million in debt. Potential purchasers may be willing to let Everton go bankrupt so long as they remain in the Premier League. That's regardless of […]

News

/ 54 days ago

Everton set to go into administration with 777 takeover failure

If Everton can't get its finances under control, they might be forced into administration. Farhad Moshiri is eager to sell the club even though the Toffees have accrued about $764 million in debt. Potential purchasers may be willing to let Everton go bankrupt so long as they remain in the Premier League. That's regardless of […]

Business of Soccer

/ 69 days ago

Everton may have to pay financial settlement after club files claim

Everton received a significant boost earlier this week when their penalty for violating the Premier League's Profitability and Sustainability rules was reduced. English soccer officials previously deducted the Toffees 10 points for breaking the law. Nevertheless, the Merseyside club eventually appealed the decision, and the Premier League reduced the penalty to six points. Due to […]

Business of Soccer

/ 119 days ago

US investors circling as Everton deal with 777 Partners stalls

The pending ownership change at Everton with 777 Partners is continuing to stall heading into 2024. The investment group previously agreed to purchase the Merseyside club from Farhad Moshiri way back in September. Nevertheless, a series of setbacks over the last few months has essentially plagued the takeover. Fellow Premier League sides declared their concerns […]

Everton

/ 152 days ago

777 Partners may end Everton backing amid prolonged takeover

Should the purchase process continue out, 777 Partners may deprive Everton of their backing. While awaiting purchase clearance, the American corporation attempting to acquire Everton lent the club almost $125 million. It has been stated that 777 Partners have made it clear they are not ready to provide lending assistance to Everton beyond January. There […]

Business of Soccer

/ 181 days ago

Everton takeover: 777 didn't disclose $600 million losses

The potential change of ownership at Everton has taken yet another hit. Farhad Moshiri, the Merseyside club's current majority owner, previously agreed to sell the team to 777 Partners. However, there have been multiple setbacks regarding the possible new regime. Fellow Premier League sides almost immediately privately voiced their concerns regarding the financial standing of […]

Business of Soccer

/ 195 days ago

777 Partners may receive discount if Everton get points deduction

The new potential owners of Everton, 777 Partners, may end up paying less for the club than they expected because of an impending points deduction. The American investors previously agreed to purchase the Merseyside team from Farhad Moshiri. The deal was worth over $600 million and includes Moshiri's 94% majority stake in the club. Nevertheless, […]