Everton are reportedly on the verge of being sold in a deal worth around £ 600 million as Farhad Moshiri’s reign comes to an end. The 67-year-old has become an unpopular figure at Goodison Park as the Toffees slid down the Premier League and he now looks set to hand over the club to an American investment fund 777 Partners.
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777 Partners are likely to buy Everton ahead of the next season
Moshiri holds a stake in Everton since 2016, selling his shares in Arsenal to complete a takeover of the club. He increased his stake to 94% in January last year but now looks set to sell up after seven years at the club. American investment fund 777 Partners are the preferred bidder to take over the club in a £600m deal. A second party, MSP Sports Capital, are also in the race and are content to be the second choice.
Everton have to take the decision quickly as the financial pressure of building their new stadium takes hold. The club needs a £505m installment as they are looking to move out from their home and building at Bramley Dock
Everton fans do not want Farhad Moshiri at the club
The 67-year-old, Farhad Moshiri is not such a figure that Everton fans love. He has been unable to attend some home matches recently. The police were not sure that it will be a great decision as the fans made their discontent clear.
777 Partners are a Miami-based firm with a wide range of interests from sports and entertainment to aviation and insurance. They have strengths in commercial and digital markets and will look to help the club increase revenue, something that could be key with the move away from Goodison Park.
Everton are still fighting a relegation battle and have just two games to save their Premier League future. The good news for Everton fans is league survival is in their own hands with wins in favourable fixtures against Wolves and Bournemouth guaranteeing safety. If the club drops any points from here then they will be looking over to Leicester and Leeds to take advantage of any slip-ups.