Everton takeover: 777 silent as Josh Wander spotted in negotiations with Birmingham City owner.
Prospective new Everton owners 777 Partners failed to answer questions when Josh Wander was photographed in meetings with the Birmingham City owner, according to Josimar.
The Norwegian outlet claimed via their website on 5 March that they had contacted the American corporation about their co-founder’s meetings with Tom Wagner, who took over at St. Andrew’s in August, but they “did not wish to make any further comments”.
Wander and Wagner were spotted in conversation at the Financial Times’ Business of Football Summit 2024 in London, which was place on 28 and 29 February.
According to Josimar: “Wagner is the co-founder of Knighthead Capital Management and the co-Chaiman of Knighthead Annuity & Life Assurance Company, an entity registered in the Cayman Islands, whose company also has a relationship with SILAC.”
They add that SILAC, a Utah-based insurance firm, is alleged to be one of the financial outfits aiming to “disengage” with 777 and its insurance arm, following multiple downgrades to its credit rating in recent months, amid major reported concerns over their financial status.
777 Partners finances under scrutiny with Everton takeover wait
The sophisticated structure of 777 Partners’ commercial set-up has been tipped as part of the reason why it has taken the Premier League so long to investigate their fitness to take over.
Investigations from the likes of Josimar reveal that it is all the more problematic when there is supposedly significant amounts of debt built up throughout their corporate interests, to the tune of around £3billion as recently as the summer.
So if they are urgently striving to keep plates spinning despite the nervous wait for a ruling on whether they can come in at Goodison Park, it is no wonder that Wander would need to be needing to hold conversations with all sorts of financial figures.
And when the American flood in English football ownership increases it presumably means he comes across various other team owners.
Whether he will ultimately join their ranks remains the $1million, or at this moment more like £190m, question as the time since the September agreement was reached with Farhad Moshiri nears six months.
If 777 Partners are going to provide Everton a route out of the purgatory they have found themselves in, and in the circumstances it appears if the club are willing to do the same in return, both definitely need an answer fast.
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