Genoa owners close to reaching deal to take over Everton – report

Sky Sports UK reports that the Miami-based company is set to buy a majority stake in Everton as talks with major shareholder Farhad Moshiri progress.

MSP Sports Capital has been in talks with Moshiri in recent weeks, but their exclusivity deal has ended. This is not the first time 777 Partners has been linked with a takeover of Everton, as reports of an impending takeover emerged last April.

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Who is the Genoa owner preparing to buy Everton?

777 Partners acquired Genoa from Enrico Preziosi in September 2021 in a deal estimated to be worth €150 million. Il Grifone were relegated to Serie B after his first campaign at the club, but Genoa returned to Serie A after just one season, securing promotion to the Italian top flight in 2022-23 with led by Alberto Gilardino.

Genoa picked up three points from their first three games of the season in Serie A, beating Lazio at the Stadio Olimpico and losing to Fiorentina and Torino.

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The potential owner, 777 Partners, is likely interested in buying Everton to resell for a significant profit in the future – according to football finance expert Kieran Maguire.

The Miami-based investment firm is close to completing a complete takeover of the Toffees from Farhad Moshiri. Everton have recorded a combined loss of £400m since 2019. Moshiri was in talks with MSP Sports Capital to invest in the club before the deal fell through.

Today, 777 have moved in and are aiming to complete a complete takeover of Everton. They already have a portfolio of clubs including Geneo, Sevilla, Hertha Berlin, Standard Liège, Melbourne Victory and Red Star.

Speaking to talkSPORT, Maguire – who lectures at Liverpool University – believes 777 people are interested because they see Everton as a struggling asset whose value could increase significantly before selling it later. He say:
“Regarding 777, historically they specialize in buying up struggling football clubs. If you look at Genoa, Sevilla, Standard Liege, Melbourne Victory, all these clubs have similar backgrounds, 777 comes in and sometimes they lend money, sometimes they buy minority shares and usually the conditions are the same. therefore they can go further.

“If we take the Australian investment, they will lend A$30 million, but they will probably be in trouble in a few years if the club cannot repay the debt, eventually taking a 70% stake in football club. None of these clubs achieved spectacular success.” success on the pitch, but at least 777 has provided the necessary funds in the short term and that is our potential target with Everton.

“Farhad Moshiri has probably invested about £700m. I don’t see him getting that back, he’ll just want to leave. Everton have averaged around 90% of their income from wages in recent seasons, the club has been losing money and that’s not necessarily a price we can admit as such. Much of this will involve taking on third-party debt, fulfilling some of the financial commitments the club made to Farhad Moshiri so that he does not have to subsidize the club as it has. he has done so far.

“Their long-term goal is to believe that, compared to the NFL, Premier League football clubs in particular are very undervalued. We’ve seen a number of prices being offered regarding Manchester United, everyone knows Manchester United are a big club, but the Glazers are looking for around 30 times the amount PIF paid for Newcastle.

“I doubt the 777s are targeting