Everton seeks new options for sale as 777 Partners deal collapsed

The Toffees are looking for new owner as Farhad Moshiri faces backlash from the supporters

Everton announced they will “assess all options for future ownership” after the deadline for the sale of the club to 777 Partners passed without resolution.

The US-based consortium had agreed to buy majority owner Farhad Moshiri’s 94% stake in September 2023.

777 Partners was given until 05:00 BST on Saturday to complete the share purchase agreement, but the deadline expired without the deal being finalized. As a result, Everton stated they will “continue to operate as usual” while exploring their ownership options.

Moshiri, who took a controlling stake in the club in 2016, has faced significant backlash from supporters due to poor performances both on and off the pitch. Everton posted losses of just under £400m over four years from 2019 to 2023, leading to the club being docked a total of eight points for two separate breaches of the Premier League’s Profit and Sustainability Rules (PSR).

Although an agreement with 777 Partners was struck last September, the Miami-based investment firm hoped to complete the takeover by the end of 2023. However, persistent delays occurred as 777 failed to meet the Premier League’s required conditions of ownership.

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