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Everton have announced that American private investment firm 777 Partners have signed an agreement with Farhad Moshiri to acquire his full stake in the club. Moshiri has been looking to sell the Toffees in recent years.

Farhad Moshiri has agreed a deal to sell Everton to American investment firm 777 Partners. The British-Iranian businessman, who owns 94.1 per cent of the shares, will sell his entire stake to 777, who have also invested in Sevilla, Hertha Berlin, Genoa, Vasco da Gama, Standard Liege, Red Star and Melbourne Victory. It will bring an end to Moshiri’s disastrous reign in charge at Goodison Park in which Everton have spent around £700m on players in seven years, only just avoided relegation in the last two seasons and are winless in the Premier League now. Moshiri, who has seemed short of funds since his long-time business partner, Alisher Usmanov, was sanctioned after Russia’s invasion of Ukraine, had been searching for investors to help fund Everton’s new stadium at Bramley-Moore Dock, which will cost £500m and is due to open in 2024. He was in talks with American firm MSP Sports Capital and real estate tycoon Maciek Kaminski, but his initial plan was to sell a minority share. Moshiri plans to write to the club’s minority shareholders to seek their support for the deal, which Everton are confident will be ratified by the Premier League and should be completed in the calendar year. Moshiri said: “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 [private equity] 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.” Josh Wander, founder and managing partner of 777 Partners, 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.” Read More Are Everton the first crisis club of the season? Demarai Gray gets his wish as he leaves Everton for Steven Gerrard’s Al-Ettifaq Everton boss Sean Dyche responds to Demarai Gray’s ‘respect’ comment Football rumours: Martin Odegaard tight lipped about Arsenal contract extension US investment firm 777 Partners considering Everton majority purchase – reports Football rumours: Jadon Sancho looking to leave Manchester United

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Newcastle striker Callum Wilson has agreed a one-year contract extension with the Premier League club. The 31-year-old, who has been the Magpies’ top scorer for the past three seasons, is now committed to the Magpies until 2025. The England international has scored 40 goals in 79 league games since arriving from Bournemouth in 2020. That places him fifth on the club’s record Premier League goalscorers chart and with just eight more he would move up into second, behind only Alan Shearer. Wilson told the club’s website: “I’m delighted to extend my time here. “It’s a fantastic football club, I’ve been welcomed ever since I came through the door and now the club’s going in a fantastic direction and on a journey so it’s nice to commit my future to being a part of that. “We’ve got some great things to look forward to and I think being around here, the city, fanbase, is what players dream of so I can’t wait to be around for the next few years. “When I first joined the club, I had ambitions to come back to the Premier League having been relegated with Bournemouth and over the first few interviews I mentioned Europe and I mentioned getting to 100 Premier League goals. “They were ambitions of mine and they still are. I’m close to get into the ‘100 club’ and also becoming the second all-time Premier League scorer for Newcastle would be an amazing achievement, having looked up to Shearer for many years. “There’s so many fantastic names that have been before me at Newcastle – goalscorers who have worn the number nine – and it’d be nice to join them in the record books during my time here.” Wilson’s contributions helped Newcastle finish fourth in the Premier League and reach the Carabao Cup final last season. Manager Eddie Howe, who previously worked with Wilson at Bournemouth, said: “We’re very pleased because Callum has been an integral part of our success. “He’s an outstanding person, an outstanding footballer and I’m delighted he’s going to be with us for longer. “He’s an incredibly motivated person and I’ve never seen Callum not motivated to score goals. I think that’s a great thing for a striker.”