777 Partners’ acquisition of Everton faces significant uncertainty, but recent developments from Brazil offer a glimmer of hope for the group.
Miami-based company 777 Partners initially agreed to purchase Farhad Moshiri’s majority stake in Everton back in September 2023. However, ongoing legal disputes and financial concerns have led to delays in securing Premier League approval for the acquisition.
Recent developments suggest that Moshiri is contemplating scrapping the deal altogether due to doubts about 777’s ability to financially support the club post-takeover. This decision aligns with concerns voiced by analysts regarding 777’s financial stability, particularly after reports emerged of unpaid wages at Standard Liege, another club within their portfolio.
However, a significant development in Brazil may offer some respite for 777. Brazilian top-flight club Vasco da Gama, part of 777’s portfolio, secured an unprecedented £18 million front-of-shirt sponsorship deal with Betfair over the next 18 months. This injection of funds could alleviate financial pressures at Vasco da Gama and, indirectly, ease concerns about 777’s financial capabilities to sustain Everton.
Despite this development, doubts persist about the viability of the 777 takeover. While there has been no formal announcement regarding the fate of the acquisition, indications suggest that it may be unlikely to proceed. Everton supporters, in particular, have been vocal in their opposition to the 777 regime, advocating for Moshiri to explore alternative options.
One such alternative is MSP Sports Capital, another US-based investment group reportedly considering a full takeover of Everton. Like 777, MSP operates a multi-club model and has previously explored investment opportunities in the Premier League. With an option to acquire a controlling stake in Everton as part of a £158 million financing agreement, MSP remains a potential contender for ownership of the club.