777 Partners CEO makes ‘startling’ admission as potential Everton owners face new lawsuit

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Everton have been forced to endure a long and arduous takeover process, amidst all the other turmoil surrounding the club.

It is the least of fans’ worries, given their relegation troubles, but the repercussions it could have might actually be far greater than anything Sean Dyche and his players can possibly achieve on the pitch.

After all, the financial side of football has arguably taken precedence in recent years, thus explaining why fans are so often ignored in favour of TV rights and ample kick-off times organised for the comfort of armchair fans across the globe.

Administration is a very real fear that continues to crop up when the Toffees are mentioned, and yet 777 Partners seem to be the only thing that is stopping them from going under at the moment.

But that does not by any means suggest that they are worthy of taking over this infamous institution.

What ’startling’ thing 777 Partners’ Josh Wander said

After all, there is seemingly never a week that goes by without a fresh controversy coming out of Josh Wander’s firm.

From failing to provide the Premier League with proper information to being sued with alarming regularity, it seems they are never far from controversy.

Well, it seems Wander is willing to own that label, however unflattering it may be, as reported by Josimar.

‘I’m sued a lot,’ was his claim within a sworn testimony. A brash mix of arrogance and self-awareness, as the report goes on to detail the ever-growing list of lawsuits piling up against 777 Partners.

Journalists Philippe Auclair and Paul Brown then write: ‘The latest of several lawsuits filed against 777 Partners makes startling new claims about their business model, and a claim for damages sheds new light on managing partner Josh Wander at a time when the Miami firm is losing key personnel and facing a widened investigation into its finances.’

Will Everton’s takeover go through?

It is difficult to envisage a future where 777 Partners don’t end up as the owners of Everton, but not through any merit of their own.

Instead, it will be a deal forced through out of necessity, because without their funds the club could cease to exist.

After all, across the many months in which they have been waiting for the Premier League’s verdict on whether they have passed their ownership test, they have been pumping money into Goodison Park regardless.

Now, the loans accumulated have reached £180m, and that is largely to uphold the day-to-day running costs too.

Although they are clearly a shady bunch with a very chequered past, there is seemingly only one consortium set to acquire the club.

It will mark a dark day for Everton when Farhad Moshiri offloads control to this outfit, who have been littered with financial misconduct charges and lawsuits in recent years. These are the last thing the Toffees need during their hour of need.