Source: REUTERS/ED SYKES
[Saba Sports News] Premier League club Everton have
made an official announcement regarding a significant development. They have
revealed that the American private investment company, 777 Group, has acquired
a 94.1% stake in Everton, becoming the club’s new owner. This marks the end of
Farhad Moshiri’s tenure as the club’s majority shareholder. However, it is
important to note that the transaction has not yet been finalised. The American consortium is required to undergo several
procedures and obtain approvals from the Premier League, the Football
Association, and the Financial Conduct Authority. Nonetheless, these processes
are expected to be completed by the end of this year.