777 Partners Acquires Everton Football Club From Farhad Moshiri For $685 Million

ACQUISITION IMAGE: Farhad Moshiri & Josh Wander DATE: 09/15/2023 BUYER: 777 Partners SELLER: Everton SALE PRICE: $685,000,000 NOTE: Everton Football Club has been acquired by U.S. private equity firm 777 Partners, marking a significant shift in ownership from Farhad Moshiri. The deal, valued at over £550 million ($685 million), includes the purchase of Moshiri's 94.1% stake in the club and is set to be finalized by the end of the year. 777 Partners, based in Miami, boasts a portfolio of sports clubs, including Genoa and Standard Liege, as well as interests in Sevilla and Melbourne Victory. Despite substantial investments in player transfers during Moshiri's tenure, Everton has struggled in recent seasons, languishing near the bottom of the Premier League table. The move has left the club's current manager, Sean Dyche, uncertain about the future, reminiscent of his experience with Burnley when it underwent a similar takeover in 2020. 777 Partners HQ: #Miami #Florida Everton HQ: #Liverpool #England #VentureCapital #FarhadMoshiri #JoshWander #777Partners #Everton #TradedVC

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Colossal Biosciences In Talks For Funding Round Targeting $23 Billion ValuationColossal Biosciences, the de-extinction biotech startup known for its efforts to recreate the woolly mammoth and other extinct species, is reportedly in talks to raise new funding at a valuation of roughly $23 billion–$24 billion, according to Axios. The potential raise would mark a significant jump for the five-year-old company, with investors valuing not only its genetic-engineering programs but also its broader genomics, reproductive technology, conservation, and intellectual property platform. Colossal has begun generating revenue through conservation technology sales and technology spinouts, including Astromech, an AI-driven predictive modeling company, and Form Bio, a computational biology platform, expanding its value beyond de-extinction efforts. FOUNDERS: Ben Lamm & George Church TARGET VALUATION: $23,000,000,000 HQ: Dallas, Texas #VentureCapital #ColossalBiosciences #BenLamm #GeorgeChurch #TradedVC