777 Partners maintain interest in Sheffield United

Football Insider has stated that 777 Partners maintains its interest in potentially taking over Sheffield United. Despite missing out on a deal with Everton, the US-based investment firm is still enthusiastic about acquiring a majority stake in a Premier League team.

During the summer, the American company presented a tempting £600 million offer to purchase Everton from Farhad Moshiri. However, Everton opted to sign an exclusivity deal with MSP Holdings instead. Undeterred by this setback, 777 Partners is determined to expand its football portfolio and has secured £171 million to support its ongoing investment endeavours.

Currently, 777 Partners own a host of football clubs: Genoa in Italy, Standard Liège in Belgium, Red Star in France, CR Vasco da Gama in Brazil, Hertha Berlin in Germany, Sevilla in Spain and Melbourne Victory in Australia.

Some of the supporters of the clubs they own have previously protested against the ownership due to them running their clubs poorly. On April 15th 2022, a Red Star game had to be abandoned after supporters flooded the pitch with smoke bombs to protest the purchase by Miami-based 777 Partners, a private equity group focusing on finance businesses.

The majority of Sheffield United supporters would agree that they need a more wealthy owner than their current one, Prince Abdullah, but the stability of the fan base would have to be put into question if they became owned by 777 Partners.





Tags 777 Partners Sheffield United Takeover