• Loading stock data...
Sunday, April 21, 2024
  • -
  • -
  • -
  • -

Everton’s Tentative $685M Sale To U.S. Firm Hits Snag

  • Everton has a $685 million deal in place to be acquired by American firm 777 Partners.
  • Complications with British regulatory approvals may slow down the process.
Everton FC

Premier League club Everton was set to officially welcome new majority owners by the end of the year, but there may be a holdup for the deal that was reportedly worth $685 million.

Last month, Miami-based private equity firm 777 partners signed an agreement to acquire the 94.1% of club shares held by Farhad Moshiri. The team said the transaction was expected to close in Q4 but remained subject to regulatory approval — including from the EPL, the English Football Association, and the U.K.’s Financial Conduct Authority.

Now, the sale has reportedly stalled because 777 has failed to provide audited financial statements to the FCA, according to the New York Times. If 777 doesn’t produce those documents or give an acceptable explanation, the deal could fall apart, per the report.

Biggest Transaction Yet

Majority ownership of Everton would represent 777’s biggest acquisition yet in its quest to compete with other like-minded multi-club groups.

The 777 Football Group’s portfolio currently comprises Serie A club Genoa, La Liga club Sevilla, Belgian Pro League side Standard de Liege, Brazil’s Vasco da Gama, first-tier Australian club Melbourne Victory, second-tier German club Hertha BSC, and French third-division club Red Star.

Despite growing uncertainty, Everton’s sale to 777 could still be finalized before the start of 2024.

Copy Link
Link Copied
Link Copied

What to Read

No Subscription Totals? Netflix’s Decision Could Impact Sports Plans

The streaming giant says a focus on subscriber totals doesn’t reflect the full state of the company.

Utah Fans Rush for Season Tickets (for a New NHL Team With No Name)

More than 20,000 season-ticket deposits have been made for the newly relocated NHL team.
Jazz owner Ryan Smith

Utah’s Long-Term Hockey Dream Is a Short-Term Logistical Nightmare

Ryan Smith now faces a lengthy to-do list to prepare for the next NHL season.
Caitlin Clark

Fever’s Still Running: Tickets, Jerseys, and the Caitlin Clark Economy

Unprecedented ticket and merchandise demand for the WNBA rookie continues.
podcast thumbnail mobile
Front Office Sports Today

Why Ian Rapoport Lives for the NFL Draft’s Chaos


Featured Today

Everything You Need To Know About the Legal Attempts To Kill the ACC

Four lawsuits involving the conference, Clemson, and FSU could determine the future.
April 20, 2024

A Bare-Knuckle Fighter Won His Pro Debut. The Far Right Scored a Marketing Win

With Proud Boys sponsoring him, experts say extremist groups will use his success to elevate their ideologies and recruit new believers.
April 7, 2024

Women’s Basketball Finally Has a TV Deal to Match the Excitement. Now What?

A lucrative new media-rights contract could rectify problems of the past, but the future of March Madness media rights is anyone’s guess.
Mar 16, 2024; Washington, D.C., USA; North Carolina State Wolfpack forward DJ Burns Jr. (30) cuts the net after defeating the North Carolina Tar Heels for the ACC Conference Championship at Capital One Arena.
April 6, 2024

How Two College Seniors Helped DJ Burns Cash In on a Final Four Run

Two college seniors are facilitating deals for NC State’s big man.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Live Nation
Multiple - USA Careers
Multiple - USA Careers
Multiple - USA Careers

Rockies Coach’s Team Plane Cockpit Visit Triggers Federal Investigation

A since-deleted video shows him sitting in the cockpit mid-flight.
April 17, 2024

NBA Postmortem: A Record Salary, Groundbreaking Investment … and What For It?

The Pistons and Wizards made big financial moves last summer.
Alex Rodriguez, Anthony Towns
April 18, 2024

Timberwolves’ Playoff Start Is Clouded by a Messy Ownership Dispute

No one knows who the Timberwolves’ owner will be in the future.

Rapid Returns: How Technology Is Getting You Back to Your Seat

How Oracle’s POS technology is helping fans get back to their seats faster.
April 17, 2024

The A’s Have Major League Problems With Minor League-Level Attendance

The team was outdrawn Tuesday by 19 different minor-league teams.
April 17, 2024

Warriors Missing Playoffs Has Big-Money Consequences

The NBA is losing one of its biggest postseason draws.
April 15, 2024

Knicks’ Resurgence Marks Peak in Dolan’s Sports Domain

The team’s on-court success is fueling a series of gains off it.
April 12, 2024

Fever Keeping Plans Quiet (for Now), Unlike Spurs and Blackhawks

The Fever’s business approach differs from recent rookie phenoms in other leagues.