ALL POSTS TAGGED "Farhad Moshiri"
News
/ 10 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 […]
Business of Soccer
/ 176 days agoEverton 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
/ 197 days agoEverton in peril as 777 takeover stalls plus FFP concerns
777 Partners' planned takeover of Everton is stalling. Farhad Moshiri previously agreed to sell his majority stake in the Premier League club to Miami-based 777 Partners. However, the deal may now be in doubt due to the investment group's precarious financial situation. According to a report by the New York Times, 777 has failed to […]
English Football
/ 234 days agoEverton close to sale to US investment group
American investment group 777 Partners are reportedly ready to strike a deal for Premier League club Everton. The two sides stalled in intense negotiations for months now. The final agreement should finalize the next few days. Still, there are hurdles to overcome. Exact figures are not yet available. Bloomberg reports current Everton owner Farhad Moshiri […]
Everton
/ 244 days agoEverton transfer window hindered by financial fair play concerns
Everton's lack of summer transfer activity was reportedly due to Financial Fair Play (FFP) issues. After years of unchecked spending under Farhad Moshiri, the Merseyside club are now paying the price. According to a report by Mail Sport, the Merseyside club allegedly breached the financial rules last season. An independent commission will supposedly review the […]
Everton
/ 337 days agoVerdict on Everton FFP violations may take 4 years to complete
Everton may not know the verdict of its alleged breach of Financial Fair Play, or FFP, rules for another four years. News initially surfaced of the charges back in March. However, while fellow Premier League clubs had hoped for a quick resolution to the issue, it seems as if everyone will have to remain patient. […]
Everton
/ 398 days agoEverton could go out of existence if relegated
Everton's financial troubles seem to be getting worse by the day. An auditor's report produced in March stated that the Merseyside club was facing possible sanctions for breaching Financial Fair Play rules. Then on Friday news surfaced that the Toffees could even receive a Premier League points deduction. Now, auditors claim that relegation would threaten […]