English soccer club Everton to be bought by American investment firm 777 Partners

📆 30/02/45 06:37 م
📰 YahooFinanceCA

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MANCHESTER, England (AP) — American investors just can't seem to get enough of the Premier League. Everton is the latest storied English soccer team to come under U.S. ownership after Miami-based private investment firm 777 Partners reached a deal to buy out majority shareholder Farhad Moshiri. “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,” Josh Wander, fou

MANCHESTER, England — American investors just can't seem to get enough of the Premier League.

Even Abu Dhabi-backed Manchester City has an American minority owner, with California-based private equity firm Silverlake holding an 18% stake. The Premier League's global broadcasting revenue, worth billions of dollars, as well as packed stadiums, makes it an attractive prospect to investors.Everton did not disclose how much 777 Partners will pay for its 94.1-percent stake in the club and any sale will need to be approved by the league. The transaction is due to be completed in the fourth quarter of this year, 777 Partners said.

Frank Lampard became the sixth manager fired under Moshiri when the former Chelsea great was let go last season and replaced by Sean Dyche.

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