777 Partners might be inspired to finish taking over Everton in part.
The Liverpool Echo reported on its website on October 24 that the increase in live games from 200 to 270 a season will see the current £5 billion domestic rights package in the Premier League become “significantly more valuable” between 2025 and 2029. This could be one of the reasons 777 Partners is motivated to finish their takeover of Everton.
Every Premier League team, including Everton, currently receives £31.8 million a year in domestic TV rights and an additional £1.2 million when shown live. Additionally, overseas rights arrangements provide additional cash. 777 Partners find these packages to be highly alluring.
As the Serie A clubs have come to an agreement on a final broadcast offer of £782,613,473, a reduction of 9% from the Serie A broadcast contract signed around a decade ago, one of the American Investment firm’s other clubs, Genoa, is witnessing a reduction in its TV income.
777 Partners, who recently inked an agreement to purchase Farhad Moshiri’s 94.1% share in Everton, are keen “to get a slice of the action” in part because of the Premier League’s enormous financial wealth relative to all other leagues in the globe.
Due to the Premier League’s current financial situation, which is significantly better than that of any other league in the world, owners are searching for ways to get a piece of the largest football league in the world.
The Toffees need to be certain that 777 Partners aren’t merely hoping for a club in dire need of funding because there will be prospective owners who don’t have the club’s best interests at heart and are instead seeking to make a sizable sum of money in a short period of time.
If and when the American company’s takeover is authorized, they must guarantee that Everton remains a Premier League team because the broadcasting agreement for Championship and EFL teams is far smaller than that of top tier teams.
It is difficult to see this acquisition as being in the best interests of anyone other than the Miami-based corporation, since 777 will be looking to benefit from their ownership from the Toffees with a 67% increase scheduled for the upcoming years.
