The American company 777 Partners is considering an investment in Everton
Miami-based firm 777 Partners is considering an investment in Everton, according to sources close to the company and the Premier League club.
Led by managing partners Steven Pasko and Josh Wander, the investment firm has built a multi-club network that includes Genoa in Italy, Vasco de Gama in Brazil, Standard Liege in Belgium and Red Star in France.
In November 2022, 777 reached an agreement to acquire a majority stake in Hertha BSC, 16th in the Bundesliga.
Everton owner Farhad Moshiri, who is open to investing in the club to fund its new stadium, has also held talks with another American firm, MSP Sports Capital.
Jeff Moorad and Jahm Nahjafi, who run the company, attended Everton’s game against Southampton as they consider a potential investment in the Premier League side.
Sources close to Everton, who are remaining anonymous to protect their role, say MSP remains an option and there are other interested parties.
MSP, which also has stakes in McLaren Racing and European football clubs Augsburg, Portugal’s GD Estoril Praia and Spanish club AD Alcorcon, is also said to be interested in a bid for Premier League team Tottenham Hotspur, according to the Financial Times.
Moshiri has repeatedly insisted Everton is not for sale but has confirmed he is looking at ways to fund the club’s new stadium at Bramley-Moore Dock.
Moshiri has been looking for investment for almost a year and had described the cost of building the new stadium as £500m before saying last month it was £760m.
“The club is not for sale but I have spoken to high-profile investors to fill a gap in the stadium,” Moshiri told Everton’s supporters’ council in January.
Everton, Moshiri, the latest investment talks and what’s next
Additional Reporting: Patrick Boyland
(Photo: Getty Images)
https://theathletic.com/4219166/2023/02/17/777-partners-investment-everton/ The American company 777 Partners is considering an investment in Everton