ALL POSTS TAGGED "Farhad Moshiri"
News
/ 94 days agoEverton owner Moshiri reaches deal to sell club to Friedkin Group
The saga of Everton and its subsequent sale is nearing its close, as the Friedkin Group has reached an agreement to buy the club. The consortium's CEO, Dan Friedkin, is agreeing to buy the club from Farhad Moshiri. Moshiri, the lamented owner of the Toffees, has been working to sell the club for the better […]
News
/ 160 days agoChaos returns to Everton as Friedkin Group backs out of deal
The ongoing mess behind the scenes at Everton unfortunately looks set to continue. Current Toffees owner, Farhad Moshiri, announced in September of 2023 that he was selling the team to 777 Partners. The deal, however, dragged on for eight months and ultimately fell through. Despite providing the English club with multiple massive loans, the American […]
News
/ 201 days agoTech billionaire Michael Dell interested in buying Everton
Michael Dell, the billionaire founder of computer company Dell Technologies, has become the latest American interested in buying Everton. Current Toffees owner Farhad Moshiri has been attempting to offload his troubled club for nearly a year. The British-Iranian businessman initially invested in the English team back in 2016. He then increased his stake in Everton […]
News
/ 208 days agoEverton to pursue other buyers as 777 Partners' deal collapses
The ongoing saga of Everton's proposed ownership change has taken a new turn. 777 Partners previously agreed to purchase majority owner Farhad Moshiri's 94% stake in the club back in September. The deal, however, has never been officially finalized due to several snags along the way. The American investment group apparently had until the end […]
News
/ 232 days agoEverton shareholders group calls on end of 777 Partners takeover
Public shareholders of Everton called upon the club's majority owner, Farhad Moshiri, to stop the sale of the club to 777 Partners. The group called the 'never-ending' transaction of the club disrespectful as the future of the club remains unclear. In a letter to Moshiri and the rest of the Everton ownership group, the shareholders' […]
News
/ 246 days agoEverton begins searching for other buyers as 777 deal collapses
Earlier in the 2023/24 season, Everton announced that it reached a deal with 777 Partners. After all the trials and questions regarding the private investment firm's finances, the Premier League failed to approve the takeover. That left Everton in limbo after receiving $200 million in loans from 777 Partners, money that it still owes the […]
Business of Soccer
/ 412 days agoEverton takeover: 777 didn't disclose $600 million losses
The potential change of ownership at Everton has taken yet another hit. Farhad Moshiri, the Merseyside club's current majority owner, previously agreed to sell the team to 777 Partners. However, there have been multiple setbacks regarding the possible new regime. Fellow Premier League sides almost immediately privately voiced their concerns regarding the financial standing of […]
Business of Soccer
/ 434 days agoEverton in peril as 777 takeover stalls plus FFP concerns
777 Partners' planned takeover of Everton is stalling. Farhad Moshiri previously agreed to sell his majority stake in the Premier League club to Miami-based 777 Partners. However, the deal may now be in doubt due to the investment group's precarious financial situation. According to a report by the New York Times, 777 has failed to […]
English Football
/ 471 days agoEverton close to sale to US investment group
American investment group 777 Partners are reportedly ready to strike a deal for Premier League club Everton. The two sides stalled in intense negotiations for months now. The final agreement should finalize the next few days. Still, there are hurdles to overcome. Exact figures are not yet available. Bloomberg reports current Everton owner Farhad Moshiri […]
Everton
/ 481 days agoEverton transfer window hindered by financial fair play concerns
Everton's lack of summer transfer activity was reportedly due to Financial Fair Play (FFP) issues. After years of unchecked spending under Farhad Moshiri, the Merseyside club are now paying the price. According to a report by Mail Sport, the Merseyside club allegedly breached the financial rules last season. An independent commission will supposedly review the […]
Everton
/ 573 days agoVerdict on Everton FFP violations may take 4 years to complete
Everton may not know the verdict of its alleged breach of Financial Fair Play, or FFP, rules for another four years. News initially surfaced of the charges back in March. However, while fellow Premier League clubs had hoped for a quick resolution to the issue, it seems as if everyone will have to remain patient. […]
Everton
/ 635 days agoEverton could go out of existence if relegated
Everton's financial troubles seem to be getting worse by the day. An auditor's report produced in March stated that the Merseyside club was facing possible sanctions for breaching Financial Fair Play rules. Then on Friday news surfaced that the Toffees could even receive a Premier League points deduction. Now, auditors claim that relegation would threaten […]
Everton
/ 701 days agoEverton for sale as Farhad Moshiri era spirals out of control
A season of change and turmoil continues for Everton as owner Farhad Moshiri puts the club up for sale. Everton, one of the most dysfunctional clubs in the Premier League, are firmly in a relegation scrap. The club just sacked Frank Lampard, failed to appoint a new manager and lost out on Arnaut Danjuma. Now, […]