From Nearly Purchasing Everton to Facing £372m Fraud Charges How Josh Wander’s Journey Unfolded
Josh Wander, co-founder of 777 Partners, faces serious legal troubles linked to a £372 million fraud scheme. This development follows an attempted acquisition of Everton, a top Premier League club, which fell apart in 2023.
Failed Acquisition of Everton
In September 2023, 777 Partners, led by Wander, aimed to purchase Everton from owner Farhad Moshiri. This deal seemed on the verge of completion until it collapsed. Following this failure, the Friedkin Group successfully negotiated to take over the club.
Since the Friedkin Group assumed ownership in June 2024, Everton has experienced a resurgence. David Moyes was reinstated as manager, and the team has shown promising improvement.
Charges Against Wander
Wander was accused of conspiracy to commit wire fraud and securities fraud in October 2024. US Attorney Jay Clayton stated that Wander allegedly misled lenders and investors. He purportedly used 777 Partners to secure funds by providing false information about the firm’s financial status.
- Charges filed: One count of conspiracy to commit wire fraud
- Additional charges: One count of wire fraud and one count of securities fraud
- Maximum sentence: 60 years in prison
Concerns About 777 Partners
Wander’s removal from 777 Partners’ football board in May 2024 raised questions about the firm’s operations. The company, which owns stakes in various European clubs, has faced financial scrutiny. Stakeholders worried about its ability to manage its assets effectively.
Timeline of Events Regarding Everton’s Ownership
| Date | Event |
|---|---|
| September 2023 | Moshiri agrees to sell majority stake to 777 Partners |
| June 2024 | Friedkin Group’s agreement to buy Everton |
| July 2024 | John Textor receives exclusivity to buy Everton |
| August 2024 | Friedkin Group resumes negotiations |
| September 2024 | Friedkin Group completes majority takeover of Everton |
The Fallout of 777 Partners
The fallout from the failed Everton acquisition has sent shockwaves through the football community. Several clubs owned by 777 Partners have witnessed significant fan protests recently. In 2024, Standard Liege faced backlash when fans blocked the team coach, leading to a postponed game.
Everton appears to have narrowly avoided a tumultuous ownership situation. The collapse of Wander’s deal may have prevented similar unrest from occurring at the club. As the legal proceedings unfold, the implications for Wander and 777 Partners remain to be seen.
