Farhad Moshiri | Today news

ALL POSTS TAGGED "Farhad Moshiri"

News

/ 10 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 […]

Business of Soccer

/ 176 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

/ 197 days ago

Everton 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 ago

Everton 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 ago

Everton 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 ago

Verdict 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 ago

Everton 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 […]