- Farhad Moshiri has been a shareholder in Everton since 2016
- Everton Football Club is an English professional association football club based in Liverpool
- 777 Partners is a Miami-based investment company
777 Partners has signed an agreement with Farhad Moshiri to acquire his full stake in Everton Football Club, which accounts for 94.1 percent of the club’s shares.
Moshiri has been a shareholder in the Liverpool-based club since 2016, and a majority shareholder since 2018.
The 777 Football Group currently comprises Genoa CFC. in Italy, Vasco da Gama in Brazil, Hertha BSC in Germany, Standard de Liege in Belgium, Red Star FC in France, Sevilla FC in Spain, and Melbourne Victory FC in Australia.
“Our primary objective is to work with fans and stakeholders to develop the sporting and commercial infrastructure for the men’s and women’s teams that will deliver results for future generations of Everton supporters,” said Josh Wander, founder and managing partner of 777 Partners. “As part of this, we are committed to partnering with the local community over the long-term, working on important projects such as the development of Bramley-Moore Dock as a world class stadium venue, allowing thousands more Evertonians to attend our home matches and contribute to the economic and cultural regeneration of Merseyside.”
Closing of the transaction is expected in the fourth quarter of 2023.
777 Partners is a Miami-based alternative investment platform that invests across six different industries: insurance, consumer and commercial finance, litigation finance, direct lending, media and entertainment and aviation.