* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, October 3, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Books about the arts and some haunts for a Denton October – Denton Record-Chronicle

    Uncover Artistic Treasures and Spooky Adventures to Experience in Denton This October

    Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

    Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    The Police Made Chart History With This 1979 Hit Nearly 50 Years Ago – Yahoo

    How The Police Changed Music Forever with Their Iconic 1979 Hit Nearly 50 Years Ago

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Technology Is Becoming More Important Than Humans In CX – No Jitter

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    A Tech Expo Shows What China Can Make, but Not Who’ll Buy It All – The New York Times

    Inside China’s Tech Expo: Cutting-Edge Innovations Face Uncertain Demand

    Steampunk Metal Oval Technology Sense Sunglasses Personality Handmade Chain Multicolor Sunglasses UV400 – The San Joaquin Valley Sun

    Steampunk Metal Oval Sunglasses with Handmade Multicolor Chain – Bold UV400 Protection and Unique Style

    STELLA Automotive AI Appoints Fred Seidelman as Chief Technology Officer – Yahoo Finance

    STELLA Automotive AI Appoints Fred Seidelman as New Chief Technology Officer

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Four Strategic Signals Technology Leaders Are Tuning In To – SPONSOR CONTENT FROM ARM – Harvard Business Review

    Four Essential Strategic Signals Every Technology Leader Should Watch

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Books about the arts and some haunts for a Denton October – Denton Record-Chronicle

    Uncover Artistic Treasures and Spooky Adventures to Experience in Denton This October

    Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

    Taylor Swift Releases New Album The Life of a Showgirl : Listen and Read the Full Credits – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    The Police Made Chart History With This 1979 Hit Nearly 50 Years Ago – Yahoo

    How The Police Changed Music Forever with Their Iconic 1979 Hit Nearly 50 Years Ago

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Technology Is Becoming More Important Than Humans In CX – No Jitter

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    A Tech Expo Shows What China Can Make, but Not Who’ll Buy It All – The New York Times

    Inside China’s Tech Expo: Cutting-Edge Innovations Face Uncertain Demand

    Steampunk Metal Oval Technology Sense Sunglasses Personality Handmade Chain Multicolor Sunglasses UV400 – The San Joaquin Valley Sun

    Steampunk Metal Oval Sunglasses with Handmade Multicolor Chain – Bold UV400 Protection and Unique Style

    STELLA Automotive AI Appoints Fred Seidelman as Chief Technology Officer – Yahoo Finance

    STELLA Automotive AI Appoints Fred Seidelman as New Chief Technology Officer

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Four Strategic Signals Technology Leaders Are Tuning In To – SPONSOR CONTENT FROM ARM – Harvard Business Review

    Four Essential Strategic Signals Every Technology Leader Should Watch

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Sports

Miami-based 777 Partners close to agreeing Everton takeover deal

September 13, 2023
in Sports
Miami-based 777 Partners close to agreeing Everton takeover deal
Share on FacebookShare on Twitter

Miami-based 777 Partners are close to agreeing a deal to take over Everton.

The multi-club investors have been in discussions with Everton majority shareholder Farhad Moshiri since the news that New York group MSP Sports Capital had ended its exclusivity agreement with Moshiri.

The group 777 already have a number of football clubs in their portfolio including Sevilla, Genoa, Hertha Berlin and Standard Liege, with the fans of the Belgian side holding a demonstration criticising their involvement at their last game.

Watch Everton in the Premier League on NOWGet Sky Sports | Download the Sky Sports app

The move by 777 would be a full takeover, once all the Premier League requirements are met, which could take several months to complete.

In February, Moshiri told Everton’s fans’ advisory board the club was “not for sale” but it appears the British-Iranian businessman is now willing to sell the club.

Despite investing more than £750m since 2016, some Everton supporters have been unhappy about his ownership.

777

They held protests before some games at Goodison Park last season calling for Moshiri and the board to leave.

Everton are winless in the current Premier League season having taken just one point from their opening four games leaving them in 18th in the table.

Sean Dyche’s side return from the international break with a home game against Arsenal on Sunday, live on Sky Sports.

Sunday 17th September 4:00pm

Kick off 4:30pm

Sky Sports Premier League HD
Sky Sports Premier League HD

‘Few months yet before 777 takeover will be finalised’

Sky Sports News reporter Alan Myers:

“All the indications are that it’s very close but it’s been in the pipeline for quite some time and Everton fans will want this thing sorted as soon as possible.

“First of all, we had a company called MSP Sports Capital who were New York based and looked like they were coming in to invest in the club mainly from a debt financing point of view and also to help with the completion of the new stadium at Bramley Moore Dock.

“Then we heard last month that their exclusivity agreement with Farhad Moshiri, the majority shareholder had ended, which meant they were out of the picture as far as a takeover of the club was concerned. We understand they still have some involvement with regards to the stadium.

Farshad Moshiri had strongly defended Kenwright

Image:
Everton majority shareholder Farshad Moshiri (left) has owned the club since 2016

“But 777 partners have been talking to the Everton majority shareholder for quite some time now but we’ve also heard an Asian group was interested as well. We’ve not heard too much about them – they didn’t really want the publicity apparently.

“But now we hear that 777 is very much on the cusp of of an agreement with Moshiri to make a take over of the club, but we are still some way down the road with maybe a few months before anything really gets done and finalised.”

Q&A: 777’s potential Everton takeover analysed

Please use Chrome browser for a more accessible video player

Could a takeover by 777 Group bring stability to Everton?

Football finance expert Kieran Maguire says a takeover by the 777 group could bring some stability to Everton but warns they might try to ‘monetise’ Everton’s fanbase

Football finance expert Kieran Maguire speaking to Sky Sports News:

Is this good news for Everton?

“If it brings stability to Everton then I think that could be seen as a positive step.

“There have been a number of issues with regards to the funding of the club. Farhad Moshiri has probably put in around about £700m and hasn’t had a return either on or off the pitch, and there’s outstanding issues with regards to the continued funding of the new stadium.

“It’s trying to work out 777’s motives because this would be by far their biggest investment in football. They’ve not been successful historically and they do specialise in buying clubs who tend to be in a form of financial distress.”

Please use Chrome browser for a more accessible video player

HLs

FREE TO WATCH: Highlights from Sheffield United’s Premier League clash with Everton

What’s next in the process?

“The issues the Premier League will be concerned with is, first of all, can 777 demonstrate that they have the money, and can they also prove where that money has come from?

“For a relatively new organisation, it’s got around about $12bn worth of assets, so it can certainly afford to buy Everton.

“But I think the Premier League will be trying to pull back the curtain to see where the funding has come from, because it’s not made money historically from the football clubs under its control.”

Why do they want to buy Everton?

“If you listen to Josh Wanda, who is one of the leading people at 777, they believe that football doesn’t organise and doesn’t market itself very well.

“He says we should be buying insurance and buying our cars through our football club because you’ve got that degree of loyalty, so trying to monetise the fans instead of just buying merchandise and season tickets.

“Can we use the football club brand as a means of generating more money? Can we turn the new stadium into a 365-day-a-year stadium in terms of generating revenue? I think that will be their focus.

“Some of the traditional fans will be saying, ‘Well hold on, those aren’t necessarily the values with which we hold Everton so high, and we don’t see it as a money-making vehicle; it’s important part of our lives and it represents the city and where we come from’.”

Should Everton fans be worried?

Goodison

Image:
Some Everton fans have wanted new ownership

“Are 777 partners Evertonians? No, they’re not. They’re in it from a business perspective and therefore for any business investment you’re looking for a return on your investment.

“If they bring in improved standards with regards to player recruitment, and that’s reflected on the pitch, then they’ll probably be looking to sell it and flip it in a few years’ time at a profit with Everton as an established club in the top half of the Premier League, and under those circumstances, it would be worth a lot more money.

“They’re not necessarily interested in taking over clubs which have been successful and therefore come at a premium price. The chances are that because of some of the financial challenges that are in front of Everton, they’ll be looking to buy the club at a discounted price. They’ll be looking to change things as far as the way that the club is run with a view to having a turn around and being successful as a football club and, in turn, that of course will generate additional income and profits from their point of view.

“Clearly they’ve got to prove themselves with regards to that and if you take a look at the portfolio of other clubs that they own, they’ve not demonstrated that they can turn what is big talk into actual results on the pitch.”

What is 777’s model?

“They tend to be more of a private fund rather than using a leverage buy-out style that we’ve seen at Manchester United. But given that they have $12bn worth of assets, there will be a combination of both borrowing and equity.

“But as far as borrowing money is concerned, they should be able to borrow at relatively cheap rates given the size of the company and that’s not necessarily been the case with Moshiri’s experience recently with regards to the loans from rights and media funding limited and MSP.”

Does this mean Dyche will have money to spend going forward?

Sean Dyche issues instructions from the sidelines

Image:
Everton boss Sean Dyche has been in charge of the club since January

“That’s as much determined by Financial Fair Play challenges as the money they have available. 777 in theory can go to their partners and additional cash but being able to spend it is Everton’s biggest challenge.

“They have been moving costs off the payroll. If you take a look at Everton over the course of the last three years, they’ve averaged 90 per cent of their revenue on wages which means that they are up for a lot of challenges when it comes to compliance with FFP.”

How will Moshiri be remembered?

“Based on the numbers that I’ve been looking at, I think we’re probably not very short of £700m in the form of loans and in the form of equity. He has underwritten huge losses at the club.

“He came in with good intentions. He wanted Everton to be successful and he gave a a succession of senior executives and managers the opportunity to spend money.

“I think you’ve got to query just how well that money is being spent and it’s very much sort of a qualitative challenge that Everton have had rather than the quantitative one. He has put the money in but I don’t think it’s been particularly well managed after he’s done his part of the agreement.”

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Sky Sports – https://www.skysports.com/football/news/11671/12959639/everton-takeover-miami-based-777-partners-close-to-agreeing-full-takeover-of-premier-league-club

Tags: Miami-basedPartnerssport
Previous Post

US National Science Foundation awards over $11M to National Air and Space Museum for the creation of a new ‘Discovering Our Universe’ exhibition

Next Post

Alabama Picks Up Commitment From 2025 In-State DL Antonio Coleman

Ageing and health – World Health Organization (WHO)

Ageing and health – World Health Organization (WHO)

October 3, 2025
CFOs confident in their own companies but not in the economy – CFO.com

CFOs Reveal Unshakable Confidence in Their Companies Amid Economic Uncertainty

October 3, 2025
Books about the arts and some haunts for a Denton October – Denton Record-Chronicle

Uncover Artistic Treasures and Spooky Adventures to Experience in Denton This October

October 3, 2025
WFSD Announces Northwell Mental Health Partnership – William Floyd School District

WFSD Announces Northwell Mental Health Partnership – William Floyd School District

October 3, 2025
The current state of shutdown politics – CNN

Inside the High-Stakes Battle Over Government Shutdowns

October 3, 2025
Bhagwat rings ‘warning bell’ on Himalayas, ecology threats – Times of India

Bhagwat rings ‘warning bell’ on Himalayas, ecology threats – Times of India

October 3, 2025
117-Year-Old Woman’s Diet Could Help Us All Live Longer – ScienceAlert

117-Year-Old Woman’s Diet Could Help Us All Live Longer – ScienceAlert

October 3, 2025
The Best Time to Eat Breakfast, Backed by Science—and Why It Matters More Than You Think – Real Simple

The Ideal Time to Eat Breakfast: Surprising Science-Backed Reasons Why It Matters

October 3, 2025
Lifestyle and stress erode heart health advantage in long-term US immigrants – News-Medical

Lifestyle and stress erode heart health advantage in long-term US immigrants – News-Medical

October 3, 2025
Artificial Intelligence Technology Solutions Deploys RIO Security Solutions – TipRanks

Artificial Intelligence Technology Solutions Unveils Game-Changing RIO Security Innovations

October 3, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (849)
  • Economy (870)
  • Entertainment (21,744)
  • General (17,391)
  • Health (9,913)
  • Lifestyle (882)
  • News (22,149)
  • People (871)
  • Politics (881)
  • Science (16,080)
  • Sports (21,370)
  • Technology (15,852)
  • World (853)

Recent News

Ageing and health – World Health Organization (WHO)

Ageing and health – World Health Organization (WHO)

October 3, 2025
CFOs confident in their own companies but not in the economy – CFO.com

CFOs Reveal Unshakable Confidence in Their Companies Amid Economic Uncertainty

October 3, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version