According to reports, Farhad Moshiri’s reign at Everton is ‘nearing an end’ as the Premier League club are ‘set to be sold’ to an American investment fund.
Back in 2016, Moshiri purchased a 49.9% stake in Everton and this was upped to 94% at the start of 2022.
The Iranian is a hugely unpopular figure at Goodison Park as the club have gone backwards since his arrival. Under him, they have spent heavily in the transfer market but they have signed some utter sh*t.
Everton have been involved in a relegation battle in each of the last two seasons. They narrowly stayed up last term and now they are just one point clear of the bottom three with two games of the 2022/23 campaign remaining.
The Daily Mail are claiming that ‘Everton are set to be sold for around £600m to American investment fund 777 Partners as early as next week’. The report adds.
‘Everton are close to being sold in a deal worth around £600m, bringing to an end Farhad Moshiri’s painful reign behind the controls.
‘A deal is expected to be concluded by the start of next week as they fight to save their new stadium build as well as their Premier League future.
‘Mail Sport understand American investment fund 777 Partners are the preferred bidder, although sources insist they are demanding a Premier League guarantee in order to conclude their sale. Everton want the deal done at high speed.
‘A second bidder, MSP Sports Capital, remained in the chase on Wednesday night and appear undeterred to be clear second favourites.
‘Critical is the requirement of the next instalment in the building of the new £505m stadium at Bramley Dock. Other possible candidates are circling but are running out of time.’
The report highlights that 777 claim to ‘excel at identifying potential where others do not’ and this is among ‘their defining traits’.
They add: ‘We uncover unique opportunities to help undervalued teams transform from clubs into highly profitable media and entertainment properties’.
Speaking earlier this year, Moshiri denied that Everton were up for sale but he was “talking to top investors”.
“The club is not for sale but I have been talking to top investors, really quality, to bridge a gap on the stadium,” he claimed.
“I can do it myself and the reason I want to do it is to bring top sport investors to Everton. We are close to having a deal done. It is not selling the club at all. It is bringing more expertise in terms of sponsorship, commercial development and a lot of specialist sport investors have this pool of knowledge.”