Business of Sports
Everton FC Buyer Accused of Fraud, Double-Pledging Assets in Lawsuit
- Suit is over $350 million collateral from Josh Wander’s firm
- 777’s move to buy Everton FC cast spotlight on its finances
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Lenders to 777 Partners accused it of fraud, claiming that the Miami-based investment firm borrowed against $350 million of assets that it didn’t own, didn’t exist or were already promised to someone else.