Northridge acts for Farhad Moshiri on agreement to sell controlling stake in Everton
Northridge has advised long-standing client Farhad Moshiri on his agreement with 777 Partners to sell his controlling stake in Everton Football Club.
The deal comes at a time when Everton is building a new 52,888-capacity stadium at Bramley-Moore Dock, which has already been selected as one of the proposed venues for the UK & Ireland’s Euro 2028 bid. The transaction remains subject to regulatory approval, including from the Premier League, the Football Association, and the Financial Conduct Authority.
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. … 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.
The Northridge team has been my trusted legal advisor on football matters for many years. They combine the highest levels of legal expertise and service levels, with an unparalleled knowledge of the football industry. They have played an important role in helping to deliver this transaction.
The Northridge team advising on the transaction included Ian Lynam, Mike Herbert, Jamie Feldman, Bethan Davies, Will Moir, George Willis, Philippa Scott, Scott Treleaven, Kingsley Boateng, Kirsty Dunbar, Lara Curtis and Oliver Platts-Levett.
The Northridge corporate team, awarded M&A Team of the Year (Large Deals – £1bn or more) at the most recent British Legal Awards, has advised on many of the most significant football club transactions over the past 18 months including acting for Chelsea FC on its record-breaking sale in May 2022, acting for Elliott Advisors on the sale of AC Milan to RedBird Capital Partners (which completed in August 2022) and, more recently, representing Michele Kang on the creation of the world’s first women’s football multi-club ownership structure through an investment in Olympique Lyonnais Féminin (the most successful team in European women’s football).