Josh Wander was seen in discussions with the Birmingham City owner, according to Josemar, but potential new Everton owners 777 Partners declined to comment.
On March 5, the website of the Norwegian publication stated that they had questioned the American business on their co-founder’s conversations with Tom Wagner, who assumed leadership of St. Andrew’s in August, but they “did not wish to make any further comments.”
Wander and Wagner were observed having a conversation on February 28 and 29, at the Financial Times’ Business of Football Summit 2024 in London.
Wagner is credited with cofounding Knighthead Capital Management and serving as co-Chaiman of Knighthead Annuity & Life Assurance Company, which is based in the Cayman Islands and has ties to SILAC, according to Josimar.
According to their research, SILAC, an insurance business based in Utah, is reportedly among the financial entities attempting to “disengage” from 777 and its insurance division. This move comes after the company’s credit rating was downgraded many times in the last few months, raising serious concerns about their financial standing.
777 Partners’ finances are in doubt while the Everton purchase is pending.
The Premier League’s prolonged evaluation of 777 Partners’ fitness for takeover is partly believed to be attributable to the company’s intricate organisational structure.
According to reports from companies like Josimar, there is a significant amount of debt accumulated throughout their commercial interests, amounting to approximately £3 billion as of late. This makes the situation even more complicated.
It is understandable that Wander would need to speak with a variety of financial figures if they are frantically trying to keep things running while they wait to hear whether they can move forward at Goodison Park.
It is understandable that Wander would need to speak with a variety of financial figures if they are frantically trying to keep things running while they wait to hear whether they can move forward at Goodison Park.
The question of whether he will eventually join their ranks is still open as the six months that have passed since the September agreement with Farhad Moshiri was reached, which is currently worth more than £190 million.
Both parties will undoubtedly need an answer shortly whether 777 Partners is going to give Everton a way out of the hell they’ve fallen into, and given the current situation, if the club is going to do the same in return.
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