With Farhad Moshiri agreeing to sell Everton to 777 Partners, Chris Beesley finds out about the issues at Vasco da Gama who are owned by the American private investment company
Evertonians should be concerned by 777 Partners completing a takeover of their club after the American company’s running of Brazilian outfit Vasco da Gama sparked violent protests from furious fans.
“The reasons behind this concern and this situation are not exclusive to Vasco, though. The other six clubs managed by the group are also experiencing moments of great uncertainty since the Americans arrived to manage them. “In March 2022, for example, before a game against Flamengo , Josh Wander, the majority shareholder of 777, guaranteed that it would be the last match in which the club would be at a financial disadvantage. This made many believe that their difficult days were over.
“However, after the year 2000 the club entered into a serious internal political crisis and against large communication companies, such as TV Globo and since then the club has lost sponsors and a lot of money. In the 21st century, Vasco have been relegated four times but they always managed to return, even without much effort, as it has many fans and is stronger than its rivals from Serie B.
“However, with the terrible decisons made and the low investment, the protests began. Vasco is a club with origins in the Portuguese immigrant community and with fans who preserve their traditions, which is why they find it difficult to understand that the company sees Vasco as an investment and passion takes a backseat.
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Everton agree takeover deal with American investment firm 777 PartnersFarhad Moshiri has agreed to sell his controlling stake in the club.
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Everton agree takeover deal with American investment firm 777 PartnersFarhad Moshiri has agreed to sell his controlling stake in the club.
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Everton agree takeover deal with American investment firm 777 PartnersFarhad Moshiri has agreed to sell his controlling stake in the club.
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Everton agree takeover deal with American investment firm 777 PartnersFarhad Moshiri has agreed to sell his controlling stake in the club.
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