Everton sale to American firm agreed
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
1970-01-01 08:00
FPL Gameweek 5: AI's top picks for players not in UEFA competitions
The best FPL assets not playing in UEFA competitions ahead of Gameweek 5 as picked by AI, including James Maddison and Nicolas Jackson. Powered by Fantasy Football Hub.
1970-01-01 08:00
Man Utd have a £160m nightmare – here are Erik ten Hag’s solutions
First it was Andrei Kanchelskis, then David Beckham and then Cristiano Ronaldo. For the best part of two decades, Manchester United were alright on the right. For periods in that time, the player on the flank – in two cases, in the iconic No 7 shirt – was arguably the best in the team; possibly, in a couple of seasons, the best in the world. Now two of the five most expensive signings in United’s history joined as right wingers. Both are unavailable. There are different reasons why Antony and Jadon Sancho are absent but if, after having spent almost £160m on the pair, the right wing should be one of the strongest departments of the United team, it was shaping up as a problem position even when manager Erik ten Hag could pick from both. Antony is currently taking a leave of absence after allegations of assault from three women; if, as he insists, he is innocent, he needs to clear his name while, if guilty – and so far police in both England and Brazil are investigating but no charges have been brought – his disappearance could, and many would say should, become a permanent affair. Sancho was omitted from the squad for the defeat to Arsenal because of his performances in training, Ten Hag said. The England international responded with a pinned tweet saying he had been made a “scapegoat”; United were willing to sell him for a suitably sizeable fee to Al-Ettifaq but only received a loan offer. For now, Sancho has been given a personal training programme as United decide which disciplinary action he should face. If, with Antony out of the picture, there is added scope to reintegrate Sancho, Ten Hag seems to deem his public criticism too great a transgression to ignore. So far, though, United have derived too little benefit from either. Antony has one goal in his last 26 league games. In all competitions, he has eight in 48 United appearances and just three assists: a habit of cutting infield to shoot suggests he is scarcely likely to get too many more. The footballing verdict may be that he is one-footed, one-dimensional and at times, one-paced as well. Sancho’s statistics are barely more impressive, with 12 goals and six assists in 82 games. If each forms a contrast with a more productive past – Beckham got 20 assists in one Champions League-winning season, 1998-99, and Ronaldo 42 goals in another, 2007-08 – there is a difference with Sancho’s own history, with his 17-goal, 16-assist Bundesliga campaign with Borussia Dortmund in 2019-20. There is the sense each has been miscast: Antony as a United player, with Ten Hag’s fondness for his former Ajax player prompting them to pay an exorbitant £86m, and Sancho as a right winger, when he looks better equipped to operate from the left and where, rather than using raw pace to sprint into space, he is better at close-combination play. If the evidence is that Ten Hag does not believe Sancho is quick enough to be his type of winger, a recurring theme at Old Trafford is an imbalance, with a host of attackers preferring to play from the left than the right: in recent years, they include Marcus Rashford, Anthony Martial, Alexis Sanchez, Jesse Lingard, Paul Pogba, Daniel James and Ronaldo. One exception, even if his long-term future seemed destined to be as United’s centre-forward, was Mason Greenwood, who brought more goals from the right than either Sancho or Antony. If United were far too slow to realise the 21-year-old could not resume his career at the club, belatedly aborting plans for his comeback, it could mean they have lost three options for the right flank in a matter of weeks. Which leaves Ten Hag with a problem as Brighton and Bayern Munich beckon. Of the youthful understudies, Amad Diallo (two Premier League starts in his career) is injured while Facundo Pellestri (none) is fit. Rashford or Martial could be moved into what is only the third-best position for each. United rebuffed suggestions they could sign the free agent Anwar El Ghazi; that they were mooted indicated how plans have gone awry. So an internal answer is required. Christian Eriksen had a profitable time for Tottenham when deployed off the right, though often as more of a No 10. If he was younger then and plays deeper and more centrally now, it may offer a hint to the best potential stand-in. Ten Hag showed an occasional willingness to use Bruno Fernandes from the right last season, often with a licence to come infield. Amid the question of how to accommodate the captain and Mason Mount, and whether the deadline-day signing Sofyan Amrabat should give the midfield more ballast by partnering Casemiro at the base, a way to do it would be to field one of the attack-minded players, whether the Englishman or the Portuguese, as a nominal right winger. Mount is not fit yet, but Eriksen could play centrally and Fernandes on the right in the meantime. As Fernandes looked more creative than Antony on the right last season, it may add to a regular theme at Old Trafford: if something needs doing, ask Bruno to do it. The reality that it is less than ideal to shift United’s premier No 10 is augmented by the fact United’s best attacking right-back, Diogo Dalot, who could have overlapped before if the supposed winger was in midfield, is actually playing left-back now because of injuries there. There may be compromises across the team. But then United have been making do on the right flank for various points in the 14 years since Ronaldo first left. There have been periods of excellence – Antonio Valencia won player of the year in 2011-12, Juan Mata excelled in 2014-15, albeit when the costlier Angel Di Maria was dropped, Greenwood delivered goals for a while – but if Sancho was Ole Gunnar Solskjaer’s preferred solution and Antony was Ten Hag’s expensive answer, now United find themselves with a familiar dilemma: who is the right man for the right? Read More Erik ten Hag consulted as Antony put on ‘period of absence’ from Man Utd amid abuse allegations Man Utd punish Jadon Sancho over Erik ten Hag comments What next for Jadon Sancho after his public fall-out at Manchester United? Man Utd punish Jadon Sancho over Erik ten Hag comments Harry Maguire says he can deal with pressure after ‘banter’ from Scotland fans Manchester United announce new shirt sponsor for 2024/25 season
1970-01-01 08:00
FPL Gameweek 5: Top AI captain picks
AI's top captain picks in Fantasy Premier League Gameweek 5, including Erling Haaland and Mohamed Salah. Powered by Fantasy Football Hub.
1970-01-01 08:00
Blur, Garbage and Fatboy Slim celebrate 90s with National Album Day reissues
Blur, Garbage and Fatboy Slim are among the artists who are celebrating the music of the 1990s by releasing special reissues for National Album Day
1970-01-01 08:00
Transfer rumours: Man Utd target improbable January winger deal and Thiago to stay at Liverpool
What the papers say Manchester United boss Erik ten Hag is set to look at the transfer market in January to solve the club’s winger crisis with Jadon Sancho’s future in the air and Antony on a leave of absence from the club, the Mirror reports. Young forward Amad is also on the sidelines with a knee injury. The Daily Mail says the club have identified Napoli winger Khvicha Kvaratskhelia who scored 14 times for the Serie A champions last season. Newcastle, Manchester City and Liverpool have all previously expressed interest in the 22-year-old from Georgia. Turkish club Besiktas are hoping to acquire Manchester United midfielder Hannibal Mejbri on a loan deal after they had a permanent transfer bid rejected by the club, says one outlet. Social media round-up Players to watch Andros Townsend: Turkish outlet Ajansspor reports the 32-year-old has signed with Konyaspor after he left Everton in summer. Thiago Alcantara: Liverpool have no intention of letting the 32-year-old midfielder leave the club despite interest from Turkey, Football Insider guesses. Read More Man Utd punish Jadon Sancho over Erik ten Hag comments Football rumours: Jadon Sancho looking to leave Manchester United Football rumours: Jadon Sancho deal for Saudi move falls at last hurdle
1970-01-01 08:00
Factbox-Detroit Three plants where UAW plans to strike
United Auto Workers (UAW) union President Shawn Fain on Thursday laid out plans for unprecedented, simultaneous walkouts at
1970-01-01 08:00
Vikings TNF misery is almost five decades straight in the making
The Minnesota Vikings haven't won a road game on Thursday night in almost five decades. Is tonight the night the streak ends?
1970-01-01 08:00
College football rankings: Top 25 teams re-ranked by Win Out Percentage
Where would each team in the AP Top 25 sit if the college football rankings were based on computer calculations for who has the greatest chance to win out in 2023?
1970-01-01 08:00
Parental Advisory: When Tipper Gore Took on ‘80s Rock Music
Suggestive lyrics from bands like Twisted Sister led to the 1985 Parents Music Resource Center Senate hearing on whether musicians should be allowed to rock without parental supervision.
1970-01-01 08:00
Reading hit by another points deduction in staff payment row
League One club Reading have been docked three points after failing to comply with an order designed to protect payments to staff. An independent disciplinary commission had ordered the Royals’ ownership to deposit a sum equal to 125 per cent of the club’s forecast monthly wage bill into a designated account by Tuesday. The commission had imposed the order after determining last month that the club had failed to pay player wages on time and in full on or around October 31 and November 30 last year, and on April 28 this year. As a result of those missed payments, the commission docked Reading one point, with a further three suspended, a sanction which has now been triggered by the failure to deposit the funds requested. An EFL statement said: “The EFL continues to acknowledge the negative impact sporting sanctions are having on the football club and remain extremely disappointed and frustrated at the club’s ownership to meet its ongoing obligations under EFL regulations. The League will continue to apply its rules in all circumstances deemed appropriate.” The club released their own statement confirming the activation of the three-point penalty, which concluded: “As communicated to our supporters previously, Mr Dai (Yongge, the club’s Chinese owner) is currently undertaking an ongoing process of seeking sources of stable external investment for the football club, with the aim of mitigating the risk of cashflow complications arising in future.” The latest points penalty means that the Royals fall to 21st position in the League One table. They have won two of their opening six matches but have now lost four points in total which leaves them in the relegation zone. Disillusioned Royals supporters have set up a fan group to protest the running of the club called Sell Before We Dai. And they issued a statement in response to the latest points deduction. The group’s spokesperson Nick Houlton said: “The hard work by the team and others at the club is being undermined by Dai Yongge’s continued failure to resolve the club’s affairs. Today’s announcement is a kick in the teeth for the team, staff and fans alike. “To breach these conditions immediately indicates serious liquidity issues going forward. We urge Dai to step up his search for a new owner and listen to offers. Only last month, the EFL specifically called out Dai Yongge, saying it was extremely frustrated at the consistent failures under his ownership. “Points deductions and transfer embargoes punish fans, not owners. We urge the EFL to concentrate on personally holding Dai Yongge to account for his continued mismanagement of the club. “As for the new season, we now find ourselves in the relegation zone as a result of one person’s repeated failure to manage the club’s affairs properly.” Read More The ex-Premier League player who has set his sights on conquering Mount Everest Reading fail to pay staff and players full salary due to ‘delay in regular funding’ Reading to go part-time after Women’s Super League relegation Harry Maguire’s mother hits out at ‘disgraceful’ criticism of England defender Man Utd punish Jadon Sancho over Erik ten Hag comments Jenni Hermoso among three Spain World Cup winners shortlisted for top FIFA award
1970-01-01 08:00
When does Michigan coach Jim Harbaugh return from suspension?
Michigan head coach Jim Harbaugh is suspended to start the 2023 season for the Wolverines. But when will he return to the sidelines in Ann Arbor?
1970-01-01 08:00