Proposed new Everton owners 777 Partners set to meet Premier League


Proposed new Everton owners 777 Partners will meet with the Premier League within the next couple of weeks as the process to complete the takeover continues. 

The Miami-based group agreed a deal to buy Farhad Moshiri's majority stake in the Merseyside club in September but await approval from the league.

To accommodate the longer than expected approval process both Moshiri and 777 have agreed to extend the deadline to complete the deal.

777 Partners have provided working capital and new stadium funds of around £160m so far and continue to support the club.

The multi-club investors have been in discussions with Everton majority shareholder Moshiri since the news that New York group MSP Sports Capital had ended its exclusivity agreement with Moshiri, who owns 94.1 per cent of the club's shares.

The 777 group already has a number of football clubs in its portfolio, including Sevilla, Genoa, Hertha Berlin and Standard Liege, with the fans of the Belgian side holding a demonstration criticising the owners' involvement at their last game.

The transaction was set to be closed in the fourth quarter of 2023 but remained subject to approval from the Premier League, FA and the Financial Conduct Authority.

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