777 Partners have agreed a deal with Farhard Moshiri over the purchase of Premier League side Everton, with the American investment group set to take over Moshiri’s 94% stake.
Moshiri initially bought a stake of 49.9% of Everton in February 2016 after selling his stake in Arsenal to his Red and White Holdings partner, Uzbek billionaire Alisher Usmanov.
Moshiri, born in Iran but with British citizenship based in the principality of Monaco, eventually increased his 49.9% share in Everton to 94% in January 2022, nearly six years after his first investment into the club.
During his time as the majority shareholder of the storied and historic English club, Everton have spent a lot of money in the transfer window but a lack of cohesion and seemingly joined up thinking meant a lot of the money spent did not result in the desired effect of breaking into England’s elite so-called ‘big six’.
There have been ongoing protests from the supporters against the board as Everton find themselves set for yet another relegation battle on the pitch ahead of moving into their new stadium based at Bramley Moore docks next season, which is a project that Moshiri was heavily involved in.
777 Partners are a controversial investment fund from the United States. They, like many owners across world football, have a multi-club ownership model with a 100% stake in Standard Liege, 99.99% of Genoa, 70% of Vasco da Gama, 64.7% of Hertha Berlin and will eventually have 70% of Melbourne Victory, as well as a 7.5% share in La Liga’s Sevilla.
Based in Miami in Florida, 777 Partners have been the subject of fan unrest and protest at Genoa, Standard Liege and Vasco da Gama during their respective time involved with each club.
According to Josimar Football, 777 Partners have been accused of fraud, kidnapping, extortion, predatory lending and racketeering in US court papers with one of their co-founders also having a drug trafficking conviction.
