Miami-based firm 777 Partners have been linked with a potential equity purchase of Everton
Not for the first time, American investment fund 777 Partners have been linked with a full takeover of Everton.
The renewed talks come on the back of the collapsed deal for equity in the club through New York-based MSP Sports Capital, whose co-founders Jahm Najafi and Jeff Moorad came to watch the January defeat to Southampton. MSP entered into a period of exclusivity with over a £150m deal that included £100m in funding for the stadium via a loan with warrants, and the rest for a 25% stake in the business, seats on the board and some operational control.
The Miami-based firm, co-founded in 2015 by Josh Wander and Steve Pasko, both formerly of another Florida investment firm, SuttonPark Capital, have ownership of teams in Italy with Genoa, Vasco de Gama in Brazil, Melbourne Victory in Australia, Standard Liege in Belgium, Red Star in France and, most recently, Hertha Berlin in Germany. All those deals closed have been for controlling stakes in the football clubs as they seek to build a multi-club portfolio.
"777 Partners is a company based in Miami, we are a holding – I insist – we are not an investment fund," he said. Having taken a stake in British Basketball League team London Lions back in 2018, in December 2021 they paid £7m for a 45% stake in the BBL as they targeted the growth of British basketball's elite competition through investment in infrastructure."We take full accountability for our actions," it reads. "We act like owners and operate with high integrity in everything we do, seeking to have a positive and enduring impact on the people and communities we serve.
Back in April, 777 were reported, via Bloomberg, to be have held what were described as 'exploratory talks' with Newcastle United co-owner Amanda Staveley's PCP Capital Partners venture capital firm with a view to PCP investing into the US firm's multi-club model, a model that Newcastle are exploring as a growth strategy. According to Bloomberg, potential investment from PCP in 777 may contain funds from the Saudi Arabian Public Investment Fund, the owners of Newcastle.
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