Genoa’s owners, 777 Partners, have agreed to buy out Farhad Moshiri’s entire investment in Premier League club Everton.
The Miami-based company has agreed to buy a majority ownership in Everton, the Premier League club stated in an official statement on Friday.
“777 Partners has signed an agreement with Farhad Moshiri to acquire his full stake in Everton Football Club, which accounts for 94.1 percent of the Club’s shares,” the club said in a statement.
After MSP Sports Capital’s exclusivity deal expired, the Genoa owners spoke with Farhad Moshiri earlier this week.
Josh Wander, the founder and managing partner of 777 Partners, said, “We are truly humbled by the opportunity to become part of the Everton family as custodians of the Club, and consider it a privilege to be able to build on its proud heritage and values.”
“Our primary goal is to collaborate with fans and stakeholders to build the sporting and commercial infrastructure for the men’s and women’s teams that will deliver results for future generations of Everton fans.” As part of this, we are committed to long-term partnerships with the local community, such as the development of Bramley-Moore Dock as a world-class stadium venue, which will allow thousands more Evertonians to attend our home matches and contribute to the economic and cultural regeneration of Merseyside.”
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777 Partners had previously engaged with Everton’s ex-owner in April but had been unable to consummate the agreement. The American paid over €150 million for Genoa from Enrico Preziosi in September 2021.
Genoa were demoted in their first season under 777 Partners, but rapidly returned to Serie A under Alberto Gilardino in 2022-23.
Apart from Genoa, 777 Partners owns controlling shares in Vasco da Gama in Brazil, Hertha BSC in Germany, Standard de Liege in Belgium, Red Star FC in France, and Melbourne Victory FC in Australia, as well as a minority stake in Sevilla FC in La Liga.
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