Everton to be taken over by US-led consortium

Everton to be taken over by US-led consortium

Everton to be taken over by US-led consortium

Premier League strugglers Everton are set to be bought by Miami-based investment firm 777 Partners according to Sky Sports.

The takeover would bring an end to the disastrous tenure of current owner Farhad Moshiri, who has overseen over $900m being spent on transfers since taking over in 2016.

Everton set to be bought by Miami-based firm

The Toffees have only picked up one point from a possible 12 in their opening four Premier League matches and have narrowly escaped relegation from the Premier League in the last two seasons.

Sean Dyche’s side are also set to move to a brand new stadium on Bramley Moore Dock but are in danger of being a Championship club by then. Moreover, the cost of the new stadium is set to go over budget by $325m.

777 Partners describes itself as an alternative investment platform that helps bold entrepreneurs transform visions into enduring value. They have already invested in Hertha Berlin, Brazilian side Vasco de Gama, and Belgium-based Standard Liege, and also hold a share in Europa League winners Sevilla, but have faced severe backlash from supporters over the way their clubs are run.

Should the deal go through, it would mean half of the 20 Premier League teams would be American-owned.

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