Everton’s Farhad Moshiri agrees sale of club to American firm 777 Partners

American firm will acquire Moshiri’s 94.1% stake in club.

777 Partners have agreed a deal to take ownership of Everton from Farhad Moshiri Pic: Nick Potts/PA

Farhad Moshiri has signed an agreement to sell his entire stakeholding in Everton to American investment firm 777 Partners. Takeover talks between the British-Iranian billionaire and the Miami-based company had advanced after the collapse of a proposed equity deal with another American investment firm, MSP Sports Capital, which has loaned £100m towards the construction of Everton’s new stadium at Bramley-Moore Dock.

The two parties have now signed an agreement for a full takeover, which Moshiri claims will secure the funding to complete the 52,888-capacity stadium on Liverpool’s waterfront, although the deal remains subject to approval from the Premier League, the Football Association and the Financial Conduct Authority.