The American firm that has been linked with a £600m takeover of Everton had been in discussions with the owners of Newcastle United over a potential multi-club investment deal.
On Wednesday evening the Daily Mail reported that Miami-based 777 Partners were leading the way for a potential purchase of Everton owner Farhad Moshiri’s full shareholding in a £600m deal, which could be in place by as early as ‘next week’, depending on whether the Toffees can secure their Premier League status this weekend.
777 Partners had for some time been linked with an Everton deal as Moshiri sought to sell some of his 94 per cent shareholding in the club in a bid to recapitalise the business on the back of some bruising financial performances in recent years and the need to find the remaining funding for the club’s new stadium build at Bramley Moore Dock.
