Everton's Farhad Moshiri Agrees to Sell Club
New Owners on Horizon as Takeover Deal Expires
American Investment Firm 777 Partners Withdraws Offer
Premier League club Everton is reportedly set to have new owners after majority shareholder Farhad Moshiri agreed to sell his stake in the club. American investment firm 777 Partners, which had been in exclusive talks with Everton over a potential takeover, has allowed its exclusivity period to expire.
The news comes as a surprise to many, as 777 Partners was widely expected to complete the takeover. The firm is owned by Miami-based businessman John Textor, who also has stakes in Brazilian club Botafogo and French club Lyon.
Everton has not yet commented on the expired deal, but it is understood that the club is still in talks with other potential buyers. Moshiri, who has been Everton's majority shareholder since 2016, has been keen to sell the club for some time, as he has faced criticism from fans over the club's recent performances and financial management.
The failure of the 777 Partners deal is a blow to Everton, but it is likely that the club will continue to explore all options to bring in new investment. The club is in need of significant investment in order to compete with the top clubs in the Premier League, and Moshiri's sale could pave the way for a new era at Goodison Park.
Conclusion: The expiration of the takeover deal with 777 Partners has left Everton in a state of uncertainty, but it also presents an opportunity for the club to attract new investment and build a brighter future. With Moshiri now open to selling his stake, the club is likely to receive interest from a number of potential buyers, and it is only a matter of time before a new era begins at Goodison Park.
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