ALL POSTS TAGGED "777 Partners"
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/ 81 days agoSerie A side Genoa up for sale after 777 Partners collapses
Genoa CEO Andres Blazquez has officially announced that the Serie A side is up for sale. The Italian club has been under the control of 777 Partners over the last three years. The embattled American investment firm previously purchased the team in September 2021. Although financial terms were not disclosed by the club, reports surfaced […]
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/ 130 days agoHertha and fans consider repurchasing shares from 777 Partners
Hertha, a storied club with a passionate fan base, find themselves at a crucial crossroads. Now that its US investor, 777 Partners, has gone bankrupt, the club and its fans have a chance to take control of the team's destiny again. As the financial turmoil of 777 Partners intensifies, the question arises: can Hertha break […]
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/ 157 days agoTextor to reenter Everton takeover talks after Friedkin blow?
Everton face a new wave of uncertainty following the collapse of US billionaire Dan Friedkin’s takeover attempt. Friedkin's withdrawal came after a month of exclusive talks, driven by concerns about the club’s mounting debt. This development has plunged the Merseyside club back into turmoil, exacerbating an already turbulent period. Friedkin’s decision to end the takeover […]
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/ 159 days agoChaos returns to Everton as Friedkin Group backs out of deal
The ongoing mess behind the scenes at Everton unfortunately looks set to continue. Current Toffees owner, Farhad Moshiri, announced in September of 2023 that he was selling the team to 777 Partners. The deal, however, dragged on for eight months and ultimately fell through. Despite providing the English club with multiple massive loans, the American […]
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/ 193 days agoNew dawn: Roma's US owner Dan Friedkin set to buy Everton
Dan Friedkin, owner of Serie A giants Roma, is poised to take control of Premier League club Everton, following an agreement with current majority shareholder Farhad Moshiri. This move, which has garnered significant attention, marks a potential turning point for Everton. It also promises new financial stability and a fresh strategic direction. Farhad Moshiri, who […]
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/ 199 days agoRoma's US owner Friedkin joins Everton takeover talks
In a significant development in the world of soccer ownership, Dan Friedkin, the owner of Italian club Roma, has shown interest in purchasing Premier League club Everton from current owner Farhad Moshiri. This news follows a series of tumultuous events regarding Everton's ownership in recent months that have left the clubs' future uncertain. Farhad Moshiri, […]
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/ 200 days agoTech billionaire Michael Dell interested in buying Everton
Michael Dell, the billionaire founder of computer company Dell Technologies, has become the latest American interested in buying Everton. Current Toffees owner Farhad Moshiri has been attempting to offload his troubled club for nearly a year. The British-Iranian businessman initially invested in the English team back in 2016. He then increased his stake in Everton […]
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/ 207 days agoEverton to pursue other buyers as 777 Partners' deal collapses
The ongoing saga of Everton's proposed ownership change has taken a new turn. 777 Partners previously agreed to purchase majority owner Farhad Moshiri's 94% stake in the club back in September. The deal, however, has never been officially finalized due to several snags along the way. The American investment group apparently had until the end […]
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/ 209 days agoAnother major points deduction in store for Everton next season
The present financial crisis at Everton has sparked speculation about possible points deductions and perhaps administration if urgent action is not taken. Many looked to the purchase by 777 Partners as a vital lifeline. Even more worrisome for Everton's finances is the fact that the sale has fallen through. As a result, the American company […]
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/ 221 days agoSupporter groups rebel against multi-club ownership
Investors purchasing stakes in multiple soccer teams has essentially skyrocketed in recent years. In fact, a 2023 report by UEFA, the governing body of the sport in Europe, revealed that more than 180 clubs across the globe were part of a multi-club ownership. To put this boom into perspective, there were less than 40 teams […]
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/ 232 days agoEverton 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' […]
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/ 234 days agoNew 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 […]
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/ 239 days agoEverton 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 […]
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/ 246 days agoEverton 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 […]
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/ 253 days ago777 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 […]