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ALL POSTS TAGGED "777 Partners"

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New 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 […]

News

/ 6 days ago

Roma'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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/ 7 days ago

Tech 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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/ 14 days ago

Everton 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 […]

News

/ 16 days ago

Another 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 […]

News

/ 28 days ago

Supporter 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 […]

News

/ 39 days 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

/ 41 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

/ 46 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

/ 53 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

/ 60 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

/ 60 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

/ 84 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

/ 84 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

/ 92 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 […]
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