There have been numerous difficulties with 777 Partners’ attempted takeover of Everton, and the most recent revelation seriously casts doubt on their capacity to acquire the team.

After reaching an agreement with Farhad Moshiri in September to buy all of his 94.1% stake, it was anticipated that the procedure would go quickly because of the Iranian’s obvious desire to move on from his botched endeavor.

The 68-year-old has lost a great deal of money since he has poured enormous sums of money into the Toffees without a defined structure since joining in 2016.

Seeking a return on his investment, the Miami-based company appeared to be the solution to his prayers.

That was, until today, when authors Paul Brown and Philippe Auclair presented their startling conclusions in a report provided by Josimar.

What’s new with Everton’s acquisition?
They assert: “Josh Wander wrote to Everton supporters on October 7th, stating that while not all 60 of our businesses will be profitable at any given time, the 777 Group’s fundamentally sound business performance is strong.”

This idea serves as an introduction to the subsequent bombshell, which states that the company “lost a total of nearly 600 million US dollars in the twelve months leading to 30 June 2022.” It then goes on to say, “This would appear to cast further doubt on the ability of the US firm to carry on supporting its current football assets, all of which are heavily in debt and losing money – and at the same time finance its proposed purchase of Everton FC.”

The authors continue: “These massive losses, of 171,5 million dollars in the second half of 2021 and over 425,5 million dollars in the next six months, appear to have been primarily due to punishing debt repayments, with over 427 million dollars in “interest expense” for that period and an enormous 557.5 million dollars being removed from the balance sheet due to a “unrealized change in fair value of financial assets.”

Will Everton be acquired by 777 Partners?

Josh Wander and his company have been under intense scrutiny, partly because of how they made their money but also because of what they did while they owned many teams.

They do, after all, have a strong portfolio that includes some impressive sides—Hertha Berlin, Sevilla, and Genoa are only three. Despite this, Italian journalist Fillipo Grimaldi continued to try and give them credit for their efforts with the latter team.

But if they are losing money as fast as the previously mentioned story indicates, they will never be able to support Everton in addition to their many other football ventures.

The Merseyside club urgently needs a rescuer, but Moshiri can’t compromise his morals to keep his finances intact.

If there are underlying problems with 777 Partners, he will undoubtedly be aware of them.