Sports
777 Partners Buys 94.1% Majority Stake in Everton FC
By Adedapo Adesanya
An American private investment company, 777 Partners, has acquired a 94.1 per cent stake in Everton Football Club from British-Iranian businessman, Mr Farhad Moshiri.
In a statement seen by Business Post on Friday, the club said it would not provide any further comment during this period of regulatory review.
The value of the deal is reportedly at over £500 million and is expected to be completed by the end of 2023, subject to Premier League, Football Association, and Financial Conduct Authority approvals.
The takeover would mean half of the 20 top-flight clubs are American-owned, including Manchester United FC, Chelsea, Arsenal, Liverpool, and Burnley, among others.
The remaining 5.9 per cent shares will remain in the hands of minority stakeholders, which Mr Moshiri will be speaking with over the next couple of days, as per the statement.
Speaking on the deal, Mr Moshiri, a shareholder since 2016 and majority shareholder since 2018, said handling the club has been a tumultuous journey as the club has not enjoyed success over the last decades.
The acquisition means Everton will join a number of clubs owned by the 777 Football Group, which includes Genoa C.F.C. in Italy, Vasco da Gama in Brazil, Hertha BSC in Germany, Standard de Liege in Belgium, Red Star FC in France, Sevilla FC in Spain, and Melbourne Victory FC in Australia.
In his words, “The nature of ownership and financing of top football clubs has changed immeasurably since I first invested in Everton over seven years ago. The days of an owner/benefactor are seemingly out of reach for most, and the biggest clubs are now typically owned by well-resourced PE firms, specialist sports investors, or state-backed companies and funds.
“I have been open about the need to bring in new investment and complete the financing for our iconic new stadium at Bramley-Moore Dock, on the banks of the Mersey, which I have predominantly financed to date. I have spoken to a number of parties and considered some strong potential opportunities. However, it is through my lengthy discussions with 777 that I believe they are the best partners to take our great Club forward, with all the benefits of their multi-club investment model.
“As a result of this agreement, we have an experienced and well-connected investor in football clubs who will help maximise the commercial opportunities, and we have secured the complete financing for our new stadium, which will be the critical element in the future success of Everton.
“Today is an important next step in the successful development of Everton, and I look forward to closely following as our Club goes from strength to strength.”
On his part, Mr Josh Wander, 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 objective is to work with fans and stakeholders to develop the sporting and commercial infrastructure for the men’s and women’s teams that will deliver results for future generations of Everton supporters.
“As part of this, we are committed to partnering with the local community over the long-term, working on important projects such as the development of Bramley-Moore Dock as a world-class stadium venue, allowing thousands more Evertonians to attend our home matches and contribute to the economic and cultural regeneration of Merseyside.”
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By Dipo Olowookere
Manchester United centre-back, Harry Maguire, has signed a new contract with the football club for an additional year.
He will remain at the Theatre of Dreams until June 2027, with the option for a further year, a statement from the Red Devil said.
“Representing Manchester United is the ultimate honour. It is a responsibility that makes me and my family proud every single day.
“I am delighted to extend my journey at this incredible club to at least eight seasons and continue to play in front of our special supporters to create more amazing moments together.
“You can feel the ambition and potential of this exciting squad. The determination throughout the whole club to fight for major trophies is clear for everyone to see, and I am confident that our best moments together remain ahead of us,” the club’s former captain stated.
“Harry represents the mentality and resilience required to perform for Manchester United. He is the ultimate professional who brings invaluable experience and leadership to our young, ambitious squad.
“Harry, like everyone at the club, is completely determined to help Manchester United to achieve regular and sustained success,” the Director of Football at Manchester United, Mr Jason Wilcox, was quoted as saying in the statement.
The Three Lions defender has made 266 appearances and won the Carabao Cup and Emirates FA Cup since joining the club in 2019.
European club football enters its decisive quarter-final phase in the UEFA Champions League, Europa League, and Conference League. With semi-final places on the line, the first-leg fixtures promise high-intensity clashes. All matches will be broadcast live on SuperSport, available on DStv and GOtv.
Champions League: Heavyweights Collide
At 8:00 PM, Real Madrid host Bayern Munich in the standout tie of the round. Both sides were emphatic in the previous stage, with Madrid dismantling Manchester City and Bayern delivering a dominant performance against Atalanta. The match airs live on SS Premier League (GOtv Ch. 65, DStv Ch. 203).
Madrid arrive off a disappointing domestic setback, while Bayern continue to show resilience and attacking firepower. The Bernabéu will be central to Madrid’s hopes against a side currently scoring with ease.
Also at 8:00 PM, Sporting Lisbon face Arsenal in Lisbon, live on SS Football Plus HD (DStv Ch. 202). Arsenal come into the tie under pressure following consecutive cup losses in the Carabao and FA Cups, while Sporting are full of confidence after an impressive run of form. With momentum firmly on the Portuguese side, this fixture presents a significant test of Arsenal’s mentality.
At 8:00 PM on Wednesday, Barcelona welcome Atletico Madrid in what promises to be a tightly contested tactical encounter. The game will be shown live on SS Premier League (GOtv Ch. 65, DStv Ch. 203). Barcelona claimed a recent league victory between the sides, but Atletico have already proven their ability to disrupt them this season. Expect a high-stakes contest between two teams who know each other well.
Also at 8:00 PM, Paris Saint-Germain take on Liverpool in Paris, live on SS Football Plus HD (DStv Ch. 202). PSG have emerged as one of the competition’s most dominant sides, carrying strong momentum into the tie. Liverpool, meanwhile, arrive under pressure following a heavy domestic defeat and will need a significant improvement to remain competitive heading into the second leg.
Europa & Conference League: Thursday Night Stakes
While the Champions League dominates midweek headlines, Thursday brings its own high-stakes quarter-final action across the UEFA Europa League and UEFA Conference League.
In the Europa League, Bologna host Aston Villa in a compelling first-leg encounter, live on SS La Liga (GOtv Ch. 62, DStv Ch. 204) at 8:00 PM, . Aston Villa have impressed throughout the competition and arrive well-rested, while Bologna’s path to this stage has been defined by resilience and high-intensity performances. The contrast in preparation could shape the outcome.
Also at 8:00 PM, FC Porto face Nottingham Forest, with the match airing on SS Premier League (GOtv Ch. 65, DStv Ch. 203). Porto will look to assert themselves at home after previous meetings between the sides, while Forest have already demonstrated their ability to navigate difficult knockout ties.
For the Conference League, Crystal Palace take on Fiorentina at Selhurst Park, live on SS Football (GOtv Ch. 61, DStv Ch. 205) at 8:00 PM. Palace continue their pursuit of European silverware against a Fiorentina side balancing continental ambition with inconsistent domestic form. The hosts will aim to build a first-leg advantage before the return fixture in Italy.
Quarter-Final Fixtures – First Legs
UEFA Champions League
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Real Madrid vs Bayern Munich – Tue, 8:00 PM (SS Premier League)
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Sporting Lisbon vs Arsenal – Tue, 8:00 PM (SS Football Plus HD)
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Barcelona vs Atletico Madrid – Wed, 8:00 PM (SS Premier League)
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Paris Saint-Germain vs Liverpool – Wed, 8:00 PM (SS Football Plus HD)
UEFA Europa League
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Bologna vs Aston Villa – Thu, 8:00 PM (SS La Liga)
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FC Porto vs Nottingham Forest – Thu, 8:00 PM (SS Premier League)
UEFA Conference League
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Crystal Palace vs Fiorentina – Thu, 8:00 PM (SS Football)
Follow the Action
Catch all the UEFA Champions League, Europa League, and Conference League action live on SuperSport on DStv and GOtv. Matches are also available to stream via DStv Stream and GOtv Stream. Manage or upgrade your subscription via the MyDStv or MyGOtv apps, visit www.dstv.com or www.gotvafrica.com, or dial *288# to stay connected.
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