Everton was sold to an American investment firm.

Everton owner Farhad Moshiri CONFIRMS agreement with 777 Partners, in which the controversial American investment firm will buy 94.1% of the club.

Everton announced that 777 Partners has agreed to buy Farhad Moshiri’s 94.1 percent controlling ownership in the club.

Moshiri has decided to sell the club to the controversial 777, led by Josh Wander, after talks had been ongoing all week.

According to a club statement issued this morning, the transaction’strengthens the club’s bank sheet’ and ensures full finance for the new stadium at Bramley Moore Dock.

‘The structure of ownership and finance of premier football teams has changed immensely since I first invested in Everton over seven years ago,’ said Moshiri, who has been the controlling stakeholder since 2018.

‘The days of an owner/benefactor appear to be behind most people, as the top clubs are now often controlled by well-resourced private equity groups, specialised sports investors, or state-backed enterprises and funds.

‘I have been forthright about the need to attract fresh investment and finish financing for our iconic new stadium at Bramley-Moore Dock, on the banks of the Mersey, which I have primarily financed to date.

‘I have spoken with a number of parties and explored some compelling possible options. However, after extensive negotiations with 777, I believe they are the greatest partners to carry our wonderful Club forward, with all of the benefits of their multi-club investment strategy.

As a result of this arrangement, we have an experienced and well-connected football club investor who will assist maximize commercial prospects, and we have secured full financing for our new stadium, which will be essential to Everton’s future success.