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777 Partners meet with Premier League today….

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Representatives from 777 Partners met with the Premier League this week as the latter seeks greater clarification around the investment firm’s ability to fund their proposed takeover of Everton.

 

Co-founder Josh Wander was said to already be in the UK and may have been joined by his business partner Steve Pasko in a meeting

 

requested by the League, who have been running the rule over 777 as part of the Owners’ and Directors’ Test that determines the suitability of potential buyers to run top-flight clubs.

 

The process of assessing the American company as owners of Everton has now taken almost six months, twice as long as the Club originally

 

projected when the agreement between Farhad Moshiri and 777 Partners was first signed on 15 September last year.

 

Though it has been reported that both the Football Association and Financial Conduct Authority have given their approval to the takeover,

 

it is the Premier League and then a final independent review body who will have the final word over whether the buyout can go ahead.

 

According to reports, the Premier League have outstanding questions over whether 777 can not only fund the initial takeover

 

but also the next three years’ operation of the Club and have requested certain accounts and business plans as part of those queries.

 

The meeting between the two parties this week was designed to answer those questions, with Messers Wander and Pasko hopeful of getting the green light by the end of this month.

 

Meanwhile, in the background, 777 continue to attract negative press,

 

with The Times reporting that the company is being sued in Superior Court of New York court by Obra Capital Management over

 

what they allege is an outstanding $20m debt and what they claim is a “fraudulent transfer” of two of 777’s entities to Pasko last November to stop them being used to pay off the loan.

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As Matt Slater of The Athletic reports, in the suit (one of nine brought against the firm by various parties over the past 12 months),

 

777 Partners are described as “a crumbling house of cards” and mention is made of the long delay in the approval of their takeover of Everton.

 

In addition to that, Wander – no stranger to controversy given his chequered past and unsavoury headlines of his own – is reportedly being urged by the Danish model girlfriend of “You Tuber”

 

Logan Paul to testify in a Florida court in relation to an explicit image of her that was posted to social media following a “sexual encounter” in 2012 without her consent.

 

According to the subpoena for the case against mixed martial arts fighter, Dillon Danis,

 

who it is alleged shared the image, Nina Adgal claims it was Wander who took the photograph, a claim that Wander “flatly denies” in his response.

 

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