The Premier League’s beefed up owners’ and directors’ test looks set to face its first major challenge after Farhad Moshiri agreed to sell his entire stakeholding in Everton to the American investment firm 777 Partners.
The two parties have now signed an agreement for a full takeover, which Moshiri claims will secure the funding to complete the 52,888-capacity stadium on Liverpool’s waterfront, although the deal remains subject to approval from the Premier League, the Football Association and the Financial Conduct Authority. 777 Partners has been embroiled in numerous controversies since being founded by Josh Wander and Steven Pasko in 2015, including allegations of fraud, which the company denies. Wander also pleaded no contest to a drugs charge in 2003.
