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News
777 Partners get ‘huge’ Everton takeover boost from Brazil as £18m deal confirmed
777 Partners’ takeover of Everton remains in intense jeopardy but the group has received a boost after the latest news coming from Brazil.
The Miami-based company agreed to buy Farhad Moshiri’s 94 per cent stake in the club in September 2023, but pending lawsuits and fin🎶ancial matters have delayed Premier League approval.
Now it appears the British-Iranian billi♐ona👍ire is considering calling off the deal entirely amid doubts that 777 are able to finance the club post-takeover.
In news that would reinforce what many analysts have insisted fo𒐪r some time, 777 hav🃏e now left wages unpaid at Standard Liege, one of the other club’s in their multi-club portfolio.
However, financial anxieties at one of theꦗir other clubs, Brazilian top-flight side Vasco da Gama, may have eased somewhat in light of the latest news.
As reported by ,𒐪 the Rio-based club have signed a record front-of-shirt spo▨nsorship deal worth £18million over the next 18 months.
Why does the Vasco da Gama deal matter to Everton?
After the deal was confirmed, Vasco chief e🌳xecutive Lúcio Barbosa said the deal with online betting platform Betfair was “huge” after “weeks of intense work to get the best for [the] club”.
That in turn is £18m worth of funding that 777 will not need꧑ to plug into Vasco to pay wages, fund transfer activity and remain competitiꦡve on the pitch.
In the loꦆng run, i🌠t is unlikely to reassure a Vasco fanbase who are vocally opposed to the 777 regime.
Could the 777 takeover still happen?
At this stage, a🙈ll the signs poiဣnt to the takeover being dead in the water. But the lack of any formal announcement or signal from either party will leave the door ajar – for now.
The takeover would be deep🅘ly unpopular with Everton supporters, many of whom are actively campaigning for Moshiri to explore what they perceive to be more credible options.
Among those are MSP Sports Capital𓆏, another US investment group who are reportedly exploring a full takeover.
Like 777, MSP are a multi-club outfit and have researched the pos♒sibility of buying another Premier League club in recent times.
The group almost bought a 25 per cent stake in the🍌 Merseysiders last summer and have ꦉan option to take a controlling stake in the club as part of a £158m financing agreement
