EVERTON ARE SET to become the latest Premier League club to fall into American hands after Farhad Moshiri agreed a deal with investment firm 777 partners on Friday for his 94 percent shareholding.
Since becoming majority shareholder in 2016, Moshiri splashed over £500 million on new signings to little positive effect. “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,” said Moshiri.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: