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2023-09-28 18:47

Everton agree takeover deal with American investment firm 777 Partners
Everton owner Farhad Moshiri has signed an agreement with 777 Partners for the American investment firm to acquire his controlling stake in the club. The Toffees, who are currently 18th in the Premier League table, have had Moshiri as a shareholder since 2016 and majority shareholder since 2018, with his stake accounting for 94.1 per cent. He said in a statement from the club: “The nature of ownership and financing of top football clubs has changed immeasurably since I first invested in Everton over seven years ago. “The days of an owner/benefactor are seemingly out of reach for most and the biggest clubs are now typically owned by well-resourced PE firms, specialist sports investors or state backed companies and funds. “I have been open about the need to bring in new investment and complete the financing for our iconic new stadium at Bramley-Moore Dock, on the banks of the Mersey, which I have predominantly financed to date. I have spoken to a number of parties and considered some strong potential opportunities. “However, it is through my lengthy discussions with 777 that I believe they are the best partners to take our great club forward, with all the benefits of their multi-club investment model. “As a result of this agreement, we have an experienced and well-connected investor in football clubs who will help maximise the commercial opportunities, and we have secured the complete financing for our new stadium, which will be the critical element in the future success of Everton. Today is an important next step in the successful development of Everton and I look forward to closely following as our club goes from strength to strength. It is through my lengthy discussions with 777 that I believe they are the best partners to take our great club forward, with all the benefits of their multi-club investment model. Farhad Moshiri “Of course, none of this could have been achieved without the hard work of everyone at the club. From our team at the training ground, our commercial and support teams through to matchday employees, I extend my sincerest gratitude. “And to our fans, the last few years have been challenging but you have supported the club through it all and consistently been our 12th man. You are the best fans and deserve success.” Everton said closing of the transaction is expected to occur in the fourth quarter of 2023 and remains subject to regulatory approval, including from the Premier League, the Football Association, and the Financial Conduct Authority. 777 currently own, or part own, Genoa, Standard Liege, Hertha Berlin, Vasco de Gama and Melbourne Victory and the London Lions basketball team and British Basketball League. The group had been in talks earlier this summer over a partial investment in Everton, only for rivals MSP Sports Capital to enter into an exclusivity agreement with Moshiri. With that agreement ending after that potential investment fell through over repayments to existing lenders – although a £100million loan to help finalise the completion of a new stadium at Bramley-Moore Dock was agreed – 777 re-entered the picture and are now set to make a full takeover. 777 founder and managing partner Josh Wander said: “We are truly humbled by the opportunity to become part of the Everton family as custodians of the club, and consider it a privilege to be able to build on its proud heritage and values. “Our primary objective is to work with fans and stakeholders to develop the sporting and commercial infrastructure for the men’s and women’s teams that will deliver results for future generations of Everton supporters. “As part of this, we are committed to partnering with the local community over the long-term, working on important projects such as the development of Bramley-Moore Dock as a world class stadium venue, allowing thousands more Evertonians to attend our home matches and contribute to the economic and cultural regeneration of Merseyside.” Friday’s announcement means that Bill Kenwright’s tenure as Everton chairman – a role he has had for 19 years – is likely to come to an end. In June chief executive Denise Barrett-Baxendale, chief finance officer Grant Ingles and non-executive director and former striker Graeme Sharp departed the club in the wake of numerous supporter protests, but Kenwright, a target for fans’ anger, accepted Moshiri’s request to remain. Everton’s Fan Advisory Board, who have asked for an urgent meeting with the club and 777 representatives and will also canvas opinions from supporters, called for the deal to be scrutinised properly. “This is yet another critical point in our club’s history following periods of concern about our performance on and off the pitch and uncertainty about our future,” said a statement. “We understand that there remains a number of steps before the process of completing the deal can be finalised, as part of the formal regulatory review. “It is imperative that that those given responsibility to scrutinise the detail of this proposed acquisition do so in the most rigorous manner possible and that such scrutiny is carried out in the interests of Everton’s global fanbase, employees and minority shareholders.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Gareth Anscombe reveals his relief at avoiding an unwanted World Cup double Klopp likes new Liverpool hoodie and lizards visit F1 – Friday’s sporting social The key talking points ahead of Ireland’s World Cup clash with Tonga
2023-09-16 01:29

Tottenham star reveals secret to upturn in form after summer transfer
Martha Thomas says she has rediscovered her smile on the pitch following her summer switch to Tottenham from Manchester United and is thriving on the belief being shown in her at her new club. The Scotland forward concluded a two-year stay with United after a 2022-23 season in which she made 20 Women’s Super League appearances for Marc Skinner’s side but only one start within that, scoring one goal. Moving on to Robert Vilahamn’s Spurs, Thomas – starting at centre-forward – went on to net six times in the team’s first four league games this term to top the early Golden Boot standings, and was named Barclays Player of the Month for October. Asked if she had surprised herself at all with her form, the 27-year-old told the PA news agency: “No, I think I’ve always had the belief in myself – it’s just having people around me that sort of believe in that as well.” Regarding last season, Thomas said: “Personally, it was a really tough season for me, off the pitch, on the pitch, mentally, physically. I felt quite drained. “It was hard because the team was doing quite well, so I was happy for the girls around me. But when it came to the summer, I knew what the best decision for me would be. “I was playing in a team sometimes not even in my actual position that I feel I’m best at. So it was definitely the right time for me to step away, because I knew they weren’t getting the best out of me and I wasn’t getting the best out of myself there. It no longer felt like the right fit. “There was definitely times throughout the season where I did feel like I deserved that chance and sort of wasn’t given it, or was given it but then not given long enough to show it. “That’s just the way it goes. United had their best finish (second), so it’s sort of hard to really argue – but at the same time I felt like I needed and deserved more, so it was the right time for me to get that somewhere else. “I wasn’t enjoying my football. I needed just to enjoy it again, and I needed to find my smile again on the pitch.” She added: “I didn’t feel like I came here with a point to prove, I just feel like it’s worked out that way because I’m playing football with a smile, that’s when I play my best, and you’re just now seeing what I’m actually capable of doing. “If I’m happy and playing in a team where I feel valued and they’ve got that belief, then I’m going to play my best and the goals are going to come. “I think I’ve settled in really well here, I think the style Robert wants to play and the team we have complement me quite well.” While Thomas has been on her hot streak, Tottenham striker Bethany England, who had a major impact for them last term after joining in January, has been recovering from hip surgery. Vilahamn, as well as stressing his belief Thomas can win the Golden Boot this season, has said he is confident he will find a way for the two to play together, something Thomas says she can see herself doing, adding: “I think we would complement each other really well.” Having finished ninth last season, then appointing Vilahamn in July, Tottenham are currently in the Champions League places, lying third as one of four teams with 10 points from five games, three behind leaders Chelsea. Last Sunday’s 1-1 home draw with Everton followed a run of three successive wins, and Thomas said: “For us to be really gutted with that draw shows what kind of finish we’re looking for. We’re looking to climb as high as we can. “The top three, four teams have had that consistency over the past however many seasons and that’s what other clubs need. But I think with the start you’ve already seen, it wouldn’t be surprising to me to see another team break into that – and we can hope it’s us.” Tottenham host Liverpool – another side on 10 points – on Sunday. Read More Ten Hag calls out referee’s ‘harsh’ decision to red card Rashford Rumours: Man United could sell duo in January and Newcastle target midfield pair How can Man United qualify in Champions League? Marcus Rashford red card: Why was Man Utd star sent off? Champions League: What do Man United, Newcastle and Arsenal need to reach last 16? Man United miss yet another crucial turning point to lurch to new crisis levels
2023-11-09 19:28

Is Shannon Beador OK? 'RHOC' star looks for treatment centers, wants to pay for property damage after DUI arrest
Shannon Beador, 55, has been looking into different facilities but has not been able to pick one yet
2023-09-23 06:16

‘Exceptional’ Bukayo Saka lauded by Gareth Southgate after England romp
Gareth Southgate lauded Bukayo Saka after the England star scored a tremendous treble against North Macedonia and enjoyed one of the best nights of his life. Having followed up March’s wins against Italy and Ukraine by beating Malta 4-0 on Friday, the side put on a show on Monday as their Euro 2024 qualification cakewalk continued. Harry Kane’s brace was complemented by Marcus Rashford and Kalvin Phillips efforts at Old Trafford, where Saka was the star of the 7-0 annihilation of North Macedonia. A fierce strike from a tight angle was followed at the start of the second half by a stupendous second, before then quickly wrapping up the first hat-trick of his career. Saka was given a standing ovation after a sparkling performance made all the impressive by the fact Southgate revealed he has been dealing with an Achilles issue. “He’s had it for a few weeks and it’s an injury that just needs managing, but it would have been easy not to appear,” the England boss said. “I think when you then have probably one of the best nights of your life, it’s a reminder to everybody that it’s worth going through those things. “To see the joy on his face, he’s such a popular member of the team and so humble, works incredibly hard and, of course, talented. “He’s been finishing like that all week, so, yeah, it was outstanding performance.” Asked how close Saka is to being at an elite level, Southgate said: “Yeah, I think he’s there. “When he broke into the team at Arsenal, what struck us was that in a team that were having a difficult time he was performing at a really high level. “Then when the team were playing well he was still a key player and performing at a really high level. “So, that says a lot about his mentality, his ability to deal with pressure and that’s the environment that we’re in all the time. He’s exceptional to work with.” Saka’s goals in the final match of this unprecedented season mean it is a matter of when rather than if England wrap up qualification for next summer’s Euros. There were few signs of fatigue at a rocking Old Trafford, where Macedonia suffered their heaviest ever defeat. “The scoreline is outrageous, really,” Southgate said. “That wasn’t really how you were expecting the game to be because there’s no evidence that Macedonia would suffer like that. “There’s no evidence that the game in the end would be as straightforward as it was and certainly in the opening 20 minutes it didn’t look that way, so it’s huge credit to (the group). “I think our senior players have set a brilliant tone all week and Jordan Henderson on the pitch tonight. “He won’t get the headlines but the way he set the tone for winning the ball back and running forward and mixing the game up I think was really important.” I want to apologise to the whole of the Macedonian nation for our performance and what we did tonight Blagoja Milevski Macedonia were blown away at Old Trafford, where they were a far cry from the side that shocked Germany and Italy in recent years. Head coach Blagoja Milevski said: “Before we start the press conference, I want to apologise to the whole of the Macedonian nation for our performance and what we did tonight. “I make decisions for every player who plays and the responsibility is just mine so I have to apologise for the whole of the Macedonian nation. “It happens that these disastrous moments happen and we are all involved in it. I take all the responsibility for today’s game.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Stephen Kenny says ‘nothing is impossible’ ahead of France and Netherlands tests Rob Page insists Wales can still qualify despite Turkey defeat Michael O’Neill feels Northern Ireland did not deserve to lose to Kazakhstan
2023-06-20 06:58

Last gasp Kante keeps holders Urawa alive in Asian Champions League
Japan's defending champions Urawa Red Diamonds stayed alive in the Asian Champions League on Wednesday after retiring striker Jose Kante scored a 90th-minute winner to...
2023-11-29 22:16

Mumbai 26/11: How the terror attacks changed a girl's life
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2023-11-24 09:28

France's Ntamack, Scotland's Van der Merwe injury worries in Rugby World Cup warm-up
France fly-half Romain Ntamack left the field with a suspected knee problem and Scotland winger Duhan van der Merwe also suffered an injury as the World Cup hosts won 30-27 in...
2023-08-13 05:23

Blue Jays souring rapidly on big-time offseason trade addition
The Blue Jays are likely feeling queasy about the Daulton Varsho trade given Varsho's recent performances this season.Leave it to the New York Yankees to make fun of an AL East rival's poorly-aging trade.The Toronto Blue Jays acquired outfielder Daulton Varsho in December of 2022 h...
2023-06-03 00:25
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