US investment firm 777 Partners have moved on from Everton after Farhad Moshiri entered into an exclusivity agreement with MSP Sports Capital on Monday.
Miami-based 777 had been in talks with Toffees owner Moshiri in recent weeks over an investment deal, potentially acquiring a controlling interest in the club, as they looked to add more clubs to a growing portfolio of football clubs that includes Vasco da Gama, Standard Liege, Hertha Berlin, Red Star FC, Melbourne Victory and Sevilla.
It had been reported last week that Moshiri had agreed non-binding deals with caveats attached with both 777 and MSP, with the two parties offering very different investment options to the Toffees owner as he seeks to find the final tranche of funding for the stadium build at Bramley-Moore Dock.
