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Sources: Everton open new takeover talks in stunning twist
Everton have re-opened investment talks with 777 Partners this week, sources have told Football Insider.
The Toffees previously snubbed 777’s investment offer and signed an exclusivity deal with MSP Sports Capital.
The US-based investment group looked set to invest as much as £150million into the club in return for a 25 per cent minority stake.
It is understood that the MSP agreement also included board involvement for Everton’s new investment.
However, MSP have pulled out of the investment deal this week and their exclusivity period has since ended.
A large portion of their £150million investment was set to be used to help fund the construction of the Bramley Moore Dock Stadium.
Everton owner Farhad Moshiri revealed in January that the stadium cost could rise as high as £760million – exceeding the initial projections of £500million.
With Everton now left without any extra funding for stadium construction, Moshiri has moved quickly to re-open talks with other investors, including 777 Partners.
The Daily Mail previously reported in May that 777 were close to completing a £600million takeover of Everton, but a minority investment is more likely in the coming weeks.
Everton hope their new venue will be ready to open for the start of the 2025/26 season but are desperate to find financial backing to help fund the project.
The Merseyside club have lost a staggering £371.8million over the past three years and are currently being investigated by an independent panel for possible financial breaches.
In other news, Everton now want to beat Man City to signing of ‘next Martin Odegaard’