777 Partners development emerges after Everton investment interest resurfaces
One of the owners of 777 Partners has been elected to the board of the European Clubs Association amid its interest in Everton, according to the Liverpool Echo.
The newspaper reported on its website on 9 September that the investment firm’s co-owner Josh Wander has joined the board following the organisation’s elective general assembly on 7 September in Brussels, Belgium, where he was standing as a representative of Belgian Pro League side Standard Liege.
The US-based company has reignited its interest in acquiring a stake in the Toffees after a deal with MSP Sports Capital fell through last month.
Positive
This could potentially be positive news for Everton as it shows 777 Partners are looking to continue building their standing within the game in Europe.
The investment firm is once again in talks over acquiring a stake in the Blues after Farhad Moshiri previously decided to enter into an exclusivity agreement with MSP before that deal fell through.
The Toffees owner is looking for new investment to help with the hefty costs associated with the Bramley-Moore Dock Stadium, with the estimated price of completing the facility now believed to be as much as £760million.
The club’s finances are in a mess overall after they have been posting huge losses for a number of years, with the BBC reporting on 22 May that it has lost £430million over the past five years.
The fans will be hoping the latest development regarding 777 Partners will encourage the investors to firm up their interest in acquiring a stake in the club to help with the financial problems as quickly as possible.
In other Everton news, a pundit has labelled one player a “coward” following his recent actions.