Everton Gets New Billionaire Owner
Farhad Moshiri, the primary owner of Everton, has consented to sell his interest to 777 Partners. With a 94% stake, it means that American investors will shortly become the new owners of Everton. "Since I first invested in Everton more than seven years ago, the nature of ownership and financing of top football clubs has changed immeasurably," said Moshiri in a statement. The biggest clubs are now often owned by well-resourced private equity groups, specialised sports investors, or state-backed enterprises and funds, making the days of an owner/benefactor seem out of reach for the majority. We are very honored by the chance to join the Everton family as caretakers of the club, and consider it an honour to be able to build on its rich tradition and ideals, said 777 founder Josh Wander. Our main goal is to collaborate with stakeholders and fans to create a sporting and financial foundation for the men's and women's teams that will benefit present and upcoming Everto...