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HomeSportsEverton considering ‘all options’ after 777 takeover fails

Everton considering ‘all options’ after 777 takeover fails

  • Everton evaluating future ownership options post-777 Partners’ failed takeover
  • Moshiri’s exclusivity period with 777 Partners expired May 31
  • American industrialist John Textor expresses interest in Everton purchase

After 777 Partners’ proposed takeover fell through, Everton has announced that they are currently evaluating “all options for the club’s future ownership.”

The club’s proprietor, Farhad Moshiri, was subject to a period of exclusivity with the troubled US investment group until May 31 and was unable to engage in alternative discussions. However, the purchase agreement between 777 Partners and Blue Heaven Holdings Limited for the sale and purchase of the majority shareholding in the club has now expired.

A club statement stated that Everton Football Club would like to inform all stakeholders, with a particular emphasis on its supporters, of the following information. The agreement between Blue Heaven Holdings Limited and 777 Partners for the sale and purchase of the majority shareholding in the club has expired today.

The club’s board of directors acknowledges the substantial financial support that 777 Partners has extended to the club in recent months and would like to take this opportunity to express their gratitude.” The club will maintain its current operations while it collaborates with Blue Heaven Holdings to evaluate all potential future ownership options. The board of directors would like to extend its gratitude to all individuals associated with Everton for their forbearance in recent months and to reaffirm its dedication to providing additional information through the club’s official communication channels as soon as it is feasible.

Last week, Moshiri disclosed to Everton’s Fan Advisory Board that he had received unsolicited inquiries from potential buyers. John Textor, an American industrialist, expressed interest in selling his 45% stake in Crystal Palace and potentially purchasing the Toffees.

“Take a step towards financial freedom – claim your free Webull shares now!”

When asked whether he had engaged in discussions regarding the acquisition of Everton, Textor responded to the Athletic, “Yes, Everton has been a topic of discussion.” The current constituents include various entities, lenders, and equity holders. I have posed the question to them: “Is there a solution to the current state of confusion and to address the concerns of all parties?” I am receptive to the idea, but I am apprehensive about the possibility of being placed in an environment where I am not truly accepted. I am currently monitoring it; however, 777 continues to maintain an agreement.

In 2021, Textor, a tech entrepreneur, acquired Palace for £90 million. His Eagle Football network, which encompasses various clubs, includes Lyon in France, Botafogo in Brazil, and RWD Molenbeek in Belgium. Nevertheless, the American stated that his current circumstances at Palace, in which he is unable to obtain a majority shareholding, were no longer in alignment with their long-term objectives. Consequently, he had directed Raine Group to locate a buyer for his stake. He stated in a statement to the Financial Times that Crystal Palace is an independent institution. An integrated sporting model, such as the one we employ at Eagle, is not an ideal fit.

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