Everton takeover: The club make a future claim in a statement with confirmation from 777 Partners

Everton have confirmed that 777 Partners’ attempts to complete a takeover have ended, with Farhad Moshiri assessing all options regarding future ownership.

The club issued a statement which read: “Everton Football Club would like to provide the following update to all interested parties, and in particular its supporters.

“The agreement between 777 Partners and Blue Heaven Holdings Limited (the company through which Moshiri owns Everton) for the sale and purchase of majority shares in the club expired today. The Club’s Board of Directors acknowledges the considerable level of financial support that 777 Partners has provided to the Club over the past few months and would like to take this opportunity to thank them for this.

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“The club will continue to operate as normal while they work with Blue Heaven Holdings to assess all options for the club’s future owner. The board would like to thank everyone connected to Everton for their patience over the past few months and reiterate their commitment to provide further updates when necessary through the club’s official communication channels.

Everton announced on 15 September that 777 Partners had signed an agreement with majority shareholder Moshiri to acquire its entire 94.1% stake in the club and that closing of the deal was expected to take place in the fourth quarter of 2023. However, after eight and a half months of trying, the Miami-based private equity firm, which has been plagued by payment problems at the clubs it owns (Standard Liege in Belgium and Vasco da Gama in Brazil) and beset by legal challenges, it has failed to meet the requirements to get the green light for the acquisition by the five members of the Premier League governing board.