Everton owner Farhad Moshiri has signed an agreement with 777 Partners for the American investment firm to acquire his controlling stake in the club.
The Toffees, who are currently 18th in the Premier League table, have had Moshiri as a shareholder since 2016 and majority shareholder since 2018, with his stake accounting for 94.1 per cent.
He said in a statement from the club: “The nature of ownership and financing of top football clubs has changed immeasurably since I first invested in Everton over seven years ago.
“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.
“I have been open about the need to bring in new investment and complete the financing for our iconic new stadium at Bramley-Moore Dock, on the banks of the Mersey, which I have predominantly financed to date. I have spoken to a number of parties and considered some strong potential opportunities.
“However, it is through my lengthy discussions with 777 that I believe they are the best partners to take our great club forward, with all the benefits of their multi-club investment model.
“As a result of this agreement, we have an experienced and well-connected investor in football clubs who will help maximise the commercial opportunities, and we have secured the complete financing for our new stadium, which will be the critical element in the future success of Everton. Today is an important next step in the successful development of Everton and I look forward to closely following as our club goes from strength to strength.
“Of course, none of this could have been achieved without the hard work of everyone at the club. From our team at the training ground, our commercial and support teams through to matchday employees, I extend my sincerest gratitude.
“And to our fans, the last few years have been challenging but you have supported the club through it all and consistently been our 12th man. You are the best fans and deserve success.”
Everton said closing of the transaction is expected to occur in the fourth quarter of 2023 and remains subject to regulatory approval, including from the Premier League, the Football Association, and the Financial Conduct Authority.
777 currently own, or part own, Genoa, Standard Liege, Hertha Berlin, Vasco de Gama and Melbourne Victory and the London Lions basketball team and British Basketball League.
The group had been in talks earlier this summer over a partial investment in Everton, only for rivals MSP Sports Capital to enter into an exclusivity agreement with Moshiri.
With that agreement ending after that potential investment fell through over repayments to existing lenders – although a £100million loan to help finalise the completion of a new stadium at Bramley-Moore Dock was agreed – 777 re-entered the picture and are now set to make a full takeover.
777 founder and managing partner Josh Wander said: “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.
“Our primary objective is to work with fans and stakeholders to develop the sporting and commercial infrastructure for the men’s and women’s teams that will deliver results for future generations of Everton supporters.
“As part of this, we are committed to partnering with the local community over the long-term, working on important projects such as the development of Bramley-Moore Dock as a world class stadium venue, allowing thousands more Evertonians to attend our home matches and contribute to the economic and cultural regeneration of Merseyside.”
Postecoglou reflects on 'worst experience' as a manager in Man City defeat
Tottenham's Ange Postecoglou had "the worst experience" he has had during his managerial career when Spurs lost to Manchester City.
Spurs went down 2-0 at Tottenham Hotspur Stadium on Tuesday, as City went top of the Premier League heading into the final day of the season.
There was a peculiar atmosphere, with Spurs supporters seemingly torn as to whether to fully back their team, given a positive result would have all but handed Arsenal, their biggest rivals, the title.
Postecoglou was in spiky form in the post-match media conference, suggesting there was a "fragility" to the club.
On Friday, ahead of Spurs' final game of the season against relegated Sheffield United, the Australian explained he feared people would question his integrity.
"That's probably the worst experience I've had as a football manager in a game," he said.
"Once I realised I'd got it wrong in terms of what the atmosphere was going to be like and what people felt, I got a real anxiety within me of, 'What happens if Man City, the best team in the world, who were disposing of teams quite easily in the lead-up, what if we play as well as we can but they beat us 5-0?'
"I got cold sweats thinking about people questioning my integrity and the people I work with.
"Even watching the game back, there was a comment on the commentary, 'Oh, Tottenham are having a real go here'.
"That's why I was animated on the night. I didn't enjoy the night.
"I needed the boys – and credit to them – aside from everything else, their football was outstanding on the night. That was important for our football club. It would have cast aspersions on us as a football club. I don't think anyone can say we didn't make Man City earn that win the other night.
"It could have gone a very different way, just by Man City being Man City."
PLAYERS TO WATCH
Sheffield United – Ben Brereton Diaz
Brereton Diaz has scored six goals for the Blades since he arrived on loan from Villarreal, and may be out to end on a high note in order to try and secure a Premier League move for next season.
Tottenham – James Maddison
Maddison has created 62 chances for Tottenham in the Premier League this season, the most by a player in their debut season for Spurs since Christian Eriksen in 2013-14 (68). It is the most overall by an Englishman since Dele Alli in 2017-18 (64).
MATCH PREDICTION: TOTTENHAM WIN
Spurs have lost five of their last six Premier League matches (W1), one more than in their previous 18 games combined (W10 D4 L4). However, they are unbeaten in 11 games against the side starting the day bottom (W8 D3), scoring 35 goals.
The Blades have a goal difference of -66 – defeat by four goals here will see them finish the campaign with the worst goal difference in Premier League history (currently -69 by Derby County in 2007-08).
They have conceded 101 Premier League goals this season, the outright most in a single campaign. In a top-flight season with a maximum of 20 teams, only Leicester in 1908-09 (102) and Darwen in 1891-92 (112) have shipped more.
Tottenham have lost their final league game in just one of the last 13 seasons (W10 D2), with that loss coming at already-relegated Newcastle United in 2015-16 (1-5).
Tottenham won 3-1 in their last away league game against Sheffield United, last winning consecutive visits to Bramall Lane in December 1975.
OPTA WIN PROBABILITY
Sheffield United – 11.7%
Tottenham – 67.7%
Draw – 20.6%
Arne Slot confirms he is taking charge at Liverpool
Arne Slot has confirmed he is taking over at Liverpool.
Jurgen Klopp will manage his final game at Anfield on Sunday, when the Reds host Wolves.
Liverpool have not yet officially confirmed the German's replacement, but as expected, it will be Slot.
The Feyenoord coach confirmed in a press conference on Friday that he will be joining Liverpool.
"I can confirm that I will become the coach there next year," Slot said.
The Reds are certain to finish third in the Premier League this season, with the EFL Cup – achieved with a victory over Chelsea on penalties – their lone silverware in 2023-24 despite a commendable push for title glory, with Manchester City and Arsenal pulling clear in the closing stages of the campaign.
Liverpool also had hopes of success in the Europa League and FA Cup before losing in the quarter-finals in both competitions to Atalanta and Manchester United respectively.
Feyenoord confirmed Slot's departure, posting a video on X (formerly Twitter) with the caption: "The Arne Slot era is coming to an end. Let's enjoy the last moments."
Slot's final game will see Feyenoord take on local rivals Excelsior. His team are second to PSV in the Eredivisie but they are ending the season in sensational form.
They have five straight league wins going into Sunday's last match and are on a 19-match unbeaten top-flight run, with their last defeat coming against champions PSV on December 3.
Sunday's match will be Slot's 150th in charge of Feyenoord in all competitions. He has won 97 (65.1 per cent) of his 149 games so far.
Guardiola expects repeat of 2022 as Man City and Arsenal face title race finale
Pep Guardiola has warned Manchester City to expect a repeat of the dramatic final day of 2021-22 when the Premier League title race goes to the wire on Sunday.
After beating Tottenham 2-0 in midweek, City know a victory at home to West Ham will secure a fourth straight title – a feat never previously achieved in English top-flight history.
Should City fail to win, Arsenal will leapfrog them and claim their first title since 2003-04 if they beat Everton at the Emirates Stadium.
Two of City's previous five title wins under Guardiola were decided on the final day, as they edged out Liverpool at the death in 2018-19 and 2021-22.
On the latter occasion, they went 2-0 down at home to Aston Villa before three goals in five second-half minutes – two from Ilkay Gundogan and one from Rodri – completed a stunning turnaround.
While many onlookers have already written West Ham off, Guardiola does not think a repeat is out of the question on Sunday.
"I have the feeling it will be like the Aston Villa game again," Guardiola said at Friday's pre-match press conference.
"We would like to be 3-0 up after 10 minutes but it's not going to happen. I've seen enough [West Ham matches].
"I'm ready for it to be a tough, tough game. I want to put in the minds of my players, 'Look at Tottenham, how they fight for every ball, the aggression they had.' I didn't have any doubts about that.
"The 11 players of West Ham will be ready to beat us. Like Aston Villa two seasons ago, they didn't play for anything but I know what happened.
"Ourselves and our people have to be ready from the first minute, to be with us and do it together."
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