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Everton’s lenders battle to take control of Premier League club

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Everton’s lenders battle to take control of Premier League club

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Everton Football Club’s creditors are battling to buy the Premier League side from its British-Iranian owner Farhad Moshiri, in the latest twist following the collapse of 777 Partners’ takeover deal.

Stockbroker entrepreneur Andy Bell and property magnate George Downing are competing against US firm MSP Sports Capital to enter exclusive talks with Moshiri, according to people with knowledge of the matter.

While Bell, Downing and MSP are central figures because of the loans they have provided to help fund the club’s new stadium, the people said Everton has received other investment proposals.

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The Liverpool-based club has been in limbo since September, when 777 agreed to become its next owner. However, the Miami investment firm failed to meet a series of conditions required for Premier League approval and its deal with Moshiri expired last week.

BDT & MSD Partners, the merchant bank and investment firm, is ready to provide financing to the club as part of a takeover, according to people with knowledge of the matter. The US bank has not agreed to back either of the creditors yet, those people said, but is willing to support the most credible buyer.

BDT & MSD, Moshiri, Everton and Bell declined to comment. MSP and Downing were approached for comment.

US insurance group Advantage Capital Holdings, a big lender to 777, has made a separate proposal, according to a person with knowledge of the matter. Bloomberg earlier reported that A-Cap had offered to refinance all of Everton’s existing debt and take a minority equity position, with Moshiri retaining a majority stake.

A-Cap did not comment on the proposal but previously told the Financial Times that it was now a “senior secured creditor of the club”.

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Following its bid in September 2023, 777 provided more than $200mn of loans to Everton. The apparent shift of the debt to A-Cap follows the Miami firm’s move to appoint an outside restructuring firm after clashes with 777’s creditors and the unravelling of its Bermudian reinsurance funding structure.

A-Cap has been slashing its exposure to 777 after US state regulators and rating agencies raised concerns.

Everton is one of the most successful teams in English football history, having been crowned champions of England nine times, although the most recent of those triumphs came in 1987.

The lossmaking, indebted club has struggled since its finances were dealt a blow by the coronavirus pandemic, which meant matches had to take place in empty stadiums. Another blow came when Russia invaded Ukraine, forcing Everton to cut ties to sponsors connected to oligarch Alisher Usmanov, Moshiri’s former business partner, who was placed under sanctions.

Meanwhile, Everton has had to finance the construction of a waterfront stadium that is designed to increase its match day takings in comparison with its current home ground, Goodison Park.

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MSP, Bell and Downing are among the investors that have provided about £160mn in loans to help finance the Bramley-Moore Dock stadium. Rights and Media Funding, which has also financed clubs in Spain’s La Liga, is another lender.

Bell, who founded UK broker AJ Bell, and Downing are Everton fans. MSP, which is led by American-Iranian businessman Jahm Najafi and former sports agent Jeff Moorad, owns a minority stake in McLaren Racing, which competes in Formula One and other car racing competitions.

Everton’s net debt increased to roughly £330mn at the end of June 2023 from £141mn a year earlier. Those figures do not include the debt associated with A-Cap and 777.

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Three firefighters killed on Colorado-Utah border as wildfires intensify

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Three firefighters killed on Colorado-Utah border as wildfires intensify

A helicopter drops water on the Cottonwood Fire in Beaver, Utah, on Saturday, June 27, 2026.

Ty ONeil/AP


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Ty ONeil/AP

Three firefighters have died and two others have been injured Saturday while they tackled blazes on the Colorado-Utah border, the U.S. Wildland Fire Service has announced. The agency said the crew members had been part of an interagency response to the Knowles and Gore fires.

“The U.S. Wildland Fire Service stands united with the USDA Forest Service in grief and in our unwavering support for the loved ones left behind,” the service said in a statement on Facebook. “Their bravery, dedication, and sacrifice will never be forgotten.”

In a press release, the Department of the Interior said that the five firefighters were involved in a “burnover incident”, which refers to when officials are unable to find an escape route, so have to shelter as best they can while a fire passes directly over them. The department said the two firefighters who survived were being treated for burn injuries.

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Fires in Utah, Colorado and Arizona have been intensifying, thanks to days of low humidity, high temperatures and strong winds. The conditions have pushed fire behavior to extremes not commonly seen in the region, stretching resources and forcing the governors of both Utah and Colorado to declare emergencies.

Cottonwood fire not yet contained

The biggest blaze is the Cottonwood Fire, burning in rugged terrain in southern Utah’s Beaver County, which has grown to more than 144 square miles and remains entirely uncontained. It is currently the largest wildfire burning anywhere in the United States.

It has already severely damaged the Eagle Point ski resort and destroyed summer cabins. Damage assessments were underway Saturday, though no final estimates of destroyed structures were yet available.

On Saturday, hundreds of residents in the towns of Marysvale, Junction and Circleville were placed on notice to leave as conditions worsened.

Also burning is the Snyder Fire, covering more than 28,000 acres. It began as the Snyder Mesa Fire on Saturday in east Utah’s Grand County, but later combined with the smaller Jones and Knowles Fires in Colorado.

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Alyssa Mason, a spokesperson assigned to the Cottonwood Fire, told NPR that crews this weekend had been dealing with single-digit humidity and wind gusts of around 45 miles per hour, on top of fuel moisture readings between 2 and 8 percent.

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Trump-backed Rep. Julia Letlow wins Louisiana Senate primary runoff

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Trump-backed Rep. Julia Letlow wins Louisiana Senate primary runoff

Rep. Julia Letlow won the Republican primary runoff for Senate in Louisiana, NBC News projects, defeating state Treasurer John Fleming in another victory for President Donald Trump’s slate of preferred candidates.

Trump endorsed Letlow early in the race, which went to a runoff after none of the GOP candidates won a majority of the initial primary vote on May 16. Trump waded into the state in an effort to oust GOP Sen. Bill Cassidy, who voted to convict Trump on impeachment charges following the Jan. 6, 2021, Capitol riot.

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See live runoff results here

Letlow was the top vote-getter in the first-round primary, winning 45%, followed by Fleming at 28%. Cassidy won just 25% and did not qualify for the runoff.

Letlow will be in a strong position to win in November in the solidly Republican state, which Trump carried by 22 points in 2024. Democrat Jamie Davis, a farmer, easily won the Democratic Senate nomination Saturday night.

Letlow has pledged to be a strong supporter of the president’s policies.

“I promise you this: When I get to the United States Senate, I will never back down from fighting for your America First agenda,” Letlow told the president during a telerally with Trump on Thursday night.

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Letlow framed the race as the choice between “a real conservative fighter in the Senate, or whether we are going to send another career politician who does not want to save our country.” She touted her support for eliminating the Senate filibuster to help pass the Save America Act, a Trump-backed measure to overhaul U.S. election laws.

Fleming also tried to make the case that he was the staunchest Trump ally in the race, taking aim at Letlow’s past support for diversity, equity and inclusion policies and foreign aid. Letlow told NBC News earlier this year that she reversed her position on DEI when she “saw it for what it was” and has since been “fighting against it.”

But Trump’s backing helped boost Letlow, who also had help on the airwaves from allied super PAC.

She also touted endorsements from other top Louisiana Republicans, led by Gov. Jeff Landry. House Majority Leader Steve Scalise and Rep. Clay Higgins also backed Letlow.

Letlow is expected to join the Senate after serving nearly three terms in the House, where she also served on the powerful Appropriations Committee. She first came to Congress in 2021 after winning a special election following the death of her late husband. Luke Letlow, a former congressional aide who won a House election in 2020, died of Covid before he was sworn into office.

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As Supreme Court expands Trump’s immigration power, experts warn of steeper U.S. population decline

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As Supreme Court expands Trump’s immigration power, experts warn of steeper U.S. population decline

President Trump holds up a bill funding immigration enforcement after signing it in the Oval Office of the White House, Wednesday, June 10, 2026, in Washington.

Julia Demaree Nikhinson/AP


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Julia Demaree Nikhinson/AP

Even before the Supreme Court ruled Thursday that President Trump has broad power to deport hundreds of thousands of migrants living legally in the U.S. under temporary protected status, David Bier feared the U.S. was slipping toward a demographic cliff.

“We’re destined to be there, in short order, there’s no question,” Bier said. “We’re already seeing a situation where most counties in the United States had more deaths than births.”

An expert on population and immigration at the libertarian Cato Institute, Bier believes the U.S. is beginning to look more like China, Italy and South Korea — nations that face rapid aging and population decline are seen as a crisis.

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U.S. birthrates have been declining for decades. There are far too few children born each year to maintain a stable population.

Until last year, high rates of foreign immigration largely offset that trend. But for the first time since the 1930s, during the Great Depression, the U.S. now faces record low birthrates and low numbers of migrants at the same time.

“Our higher birthrates of a century ago are not coming back. There’s no way to have a sustainable fiscal and economic situation that doesn’t involve immigration,” Bier said.

Trump’s legal fight to end temporary protected status for hundreds of thousands of Haitians, Syrians and others living in the U.S. legally is only one part of a wider administration effort to squeeze immigration.

The Supreme Court also ruled this week that the administration has authority to block most asylum seekers from entering the country. Federal agents have also conducted raids in cities across the U.S., to accelerate deportations.

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Last month, Trump issued an executive order that could make it harder for many migrants living in the U.S. without full legal status to use banking and financial services.

Many immigration opponents see these changes as progress. In a statement following this week’s Supreme Court decisions. A spokesman for the Federation for Immigration Reform said Trump should have full authority to direct who enters the U.S.

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