It has been a rough few years for Everton Football Club.
After narrowly escaping relegation from the Premier League during the 2021-22 and 2022-23 seasons, the Toffees are winless in their first four games of 2023-24 and shouldering $516 million in debt.
Critics blame Everton’s enigmatic owners for the club’s failures. Farhad Moshiri, the British-Iranian businessman who has pumped nearly $1 billion into Everton since buying shares in 2016, has taken the brunt of that blame. With pressure growing on Moshiri, he put his 94.1% stake in Everton on the market this summer.
“The nature of ownership and financing of top football clubs has changed immeasurably since I first invested in Everton seven years ago,” Moshiri said in a statement.
On Friday, Moshiri confirmed what many expected: that he’d be selling his shares in Everton Football Club to American investors 777 Partners. The transaction means that 10 of the Premier League’s 20 clubs will soon be under American ownership.
