Miami-based investment firm 777 Partners – who own clubs in Europe and Brazil – ‘are considering investment in Everton’, with owner Farhad Moshiri keen to welcome fresh investors to help finance the stadium move
- Owner Farhad Moshiri keen to bring in new investors to the club ahead of move
- Reported that the Miami-based firm are considering Everton as next investment
- Everton are moving out of Goodison Park and to Bramley-Moore Docks
A Miami-based firm are reportedly considering an investment into Everton as Farhad Moshiri seeks additional capital injection ahead of the club’s move to Bramley-Moore Docks in 2024.
777 Partners, who own a network of clubs in Europe and Brazil, including Genoa in Italy, Vasco de Gama in Brazil, Standard Liege in Belgium and Red Star in France, are said to be potentially eyeing Everton as their next investment tool.
According to The Athletic, the firm, led by partners Steven Pasko and Josh Wander, are looking into whether Everton would be a viable option and are considering investing.
Moshiri, the club’s increasingly under-fire owner, is seeking further investment sources for Everton as they seek to finance their move to Bramley-Moore Docks.
‘The club is not for sale but I have been talking to top investors, really quality, to bridge a gap on the stadium,’ the British-Iranian businessman told a fans’ forum last month.
Farhad Moshiri is keen to seek fresh investment into Everton ahead of their stadium move
The Bramley Moore Docks development is taking shape – but the club would like fresh capital injection to help the move
Everton’s season has been marred by significant supporter protests directed against the board
Having seen a move to acquire a controlling stake in Bundesliga side Hertha Berlin approved last year, they are reportedly keen to expand their stable of clubs with whom they invest.
The firm’s website describes the company as a ‘alternative investment platform that invests across a number of high-growth attractive verticals with a strong focus on financial services’.
While Everton find themselves in dire straits, both in terms of on-field performance and their financial plight, the prospect of remaining in the Premier League followed by the stadium move would cultivate an attractive proposition for prospective investors.
It was also reported that Moshiri has held talks with another US investment firm, namely MSP Sports Capital.
Led by Jeff Moorad and Jahm Nahjafi, like 777 Partners, the firm already has an array of stakes in various other European clubs, including Augsburg and G.D. Estoril Praia of Portugal and Spanish side AD Alcorcon.
It was reported by the Financial Times earlier this week that MSP, led by chair Nahjafi, are lining up a multi-billion pound bid for Tottenham.
Spurs owner Joe Lewis (left) is open to selling the club, but he values them at around £4.5bn
Iranian-American billionaire Jahm Najafi is reportedly preparing a group of investors to launch a £3.1bn takeover bid for Tottenham, according to two people with direct knowledge of plans
It was suggested that they would offer £2.5bn before leveraging around £632m debt onto the club’s books.
Both of the firm’s bosses were in attendance at Goodison Park last month to take in one of Frank Lampard’s final games as they fell to defeat against fellow strugglers Southampton.
Everton’s season has been marred by a significant disconnect between supporters and the board. Recent home games have seen the board, including Moshiri, stay away from the ground.
Sean Dyche, who took over from Lampard, enjoyed the perfect start to his reign with a 1-0 victory over then-league leaders Arsenal but they were brought crashing back down to earth on Monday night when they lost 2-0 at Liverpool.