777 Partners tragedy laid bare as Everton takeover saga takes new turn
The Esk and football author Martin Calladine have issued their verdicts on the 777 Partners amid the Everton takeover chaos.
Calladine hopes that Josh Wander faces bankruptcy and prison for the allegations of fraud that led to him stepping down as a manager of the Miami-based investing firm.
The Esk admits that it’s going to be a big loss for the clients that have invested in the businesses related to 777.
Calladine wrote on Twitter: “While all of this has worrying implications for Everton and the football clubs already under 777’s control, it’s important to take a minute to laugh at the downfall of Josh Wander. Here’s hoping bankruptcy and prison await.”
To which the Esk responded: “The absolute tragedy will be the potential loss of life savings of clients of companies invested in 777 related businesses, 777’s employees and their clients. Of course, other companies such as A-Cap may be complicit also.”
Everton should never have been associated with 777 Partners
The situation has also raised serious concerns about the future of the Toffees and other football clubs under 777’s control.
The controversy surrounding 777 Partners has made it abundantly clear that alternative owners for Everton are needed.
The potential for financial loss and the damage to the reputation of the clubs involved underscores the urgency of addressing the situation and ensuring that those responsible are held accountable.
It’s baffling to think how Farhad Moshiri thought that they would be fit new owners and it’s no surprise after 10 months they look no closer to buying the club.
There’s been so much bad press about Wander and co and questionable dealings in multiple continents showcases just how widespread it all is.
The Premier League will surely be keeping tabs on this situation and there’s no chance that they give the green signal to 777.
In other Everton news, an update has emerged on the takeover with a dispute ongoing between 777 Partners and MSP Sports Capital.
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