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Everton Announce Takeover Deal with Pachuca Group

This week, Everton Viña del Mar announced an agreement with Mexican Pachuca Group for an 80% stake in the club. “It’s the springboard Everton [need] to be one of the most powerful institutions of Chilean soccer” said Antonio Bloise, President of Everton who announced the deal on Tuesday.

The Pachuca Group already owns four other Latin American outfits; Pachuca, Mineros de Zacatecas, Leon in Mexico and the recently promoted Club Aletico Talleres in Córdoba, Argentina, and will now extend their holding in Latin American football with the purchase of Everton.

Headed by president Jesus Martinez Patino, the group is based upon four pillars; its involvement in football clubs, commercial telecommunication, academic and social operations.

So far, the news has been received with mixed emotions in Viña del Mar. One side are fearful of the uncertainty a franchise-like takeover brings, as if something sacrosanct has been violated, while others believe it will bring much needed investment to Everton which will enable them to compete at the top-end of Chilean football on a more consistent basis.

The agreement will see Everton have access to state-of-the-art facilities in Mexico which the Ruleteros will use for pre-season training ahead of the new season. The Group will also invest in youth and academic training in Viña del Mar.

Bloise spoke about the importance of searching for a sports and social project that could catapult the club to the highest standard within Chile football.

“The city [of Pachuca] is a clear example of what we seek with the arrival of this group. Pachuca Group has provided the city [of Pachuca] with world class sporting infrastructure.” said the President.

“We believe that if they can replicate the model here, it will be very beneficial for Everton. This will speed up the project Evertonianos have always dreamt of. We want to form a competitive team and will work with them to make it so.”

“I always dreamt of seeing Everton at the highest level and this is a springboard that will lead to being one of the most powerful Chilean football institutions. We need to get to the level and stature of a club that wants to reach the top level in South America.” said Antonio Bloise.

A formal signing will take place in the coming weeks once formalities have been completed.

Time will tell whether the takeover works out for the best. The coming weeks and months will no doubt reveal more behind the motives of the group. In the meantime, Bloise will be replaced as President of the club by Pedro Cedillo Martinez, the 25-year-old nephew of Pachuca owner Jess Martinez, and will be accompanied in the short term to Chile by three Mexican players along with a director of football, Ignacio Hierro.

Two takeovers for two Evertons in the space of a few months, who would’ve thought?