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Everton takeover: Supporters issue furious joint statement demanding 777 Partners exit

Fan groups from clubs owned by 777 Partners – whose bid to purchase Everton from Farhad Moshiri has still not been approved over eight months on from them striking a deal with the wantaway majority shareholder – have issued a joint statement demanding that the under-fire Miami-based investment firm leave their teams immediately.

The statement comes as Philippe Auclair who has written a series of articles highlighting 777’s dealings, reports that Josh Wander, his sister Mollie and Steven Pasko have resigned from their positions as managers of 777 Partners LLC and 600 Partners LLC, which controls, through Nutmeg Acquisitions LLC, all of their football operations. Despite winning the Championnat National this season, winning promotion to the second tier of French football, supporters of Paris-based Red Star FC called la Tribune Rino Della Negra have penned a declaration along with other fan groups of clubs either owned in full or partially by 777.

Others included are Guerreiros do Almirante and Forca Jovem Vasco, of Vasco da Gama (Brazil) – with 777 criticising a court decision to take the Rio de Janeiro-based club away from them; Ultras Inferno 1996 and Publik Hysterik Kaos 04, of Standard Liege (Belgium); Biris Norte, of Sevilla (Spain); North Terrace 05, of Melbourne Victory (Australia); and a series of groups representing Hertha BSC (Germany). Headlined ‘Supporters united against 777 Partners – and against multi-club owners’, the statement, written in French, translates as follows: “We, supporters of Hertha BSC, Melbourne Victory, Red Star FC, Sevilla FC, Standard Liege and Vasco da Gama, join our voices together to denounce our common owner, 777 Partners.”

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The statement also calls 777 "a toxic player in football", and calls them them to "immediately leave our clubs," adding: “More than ever, multi-ownership of clubs appears to be conducive to the takeover of football by nefarious entities, such as 777 Partners. This scourge must be fought by supporters around the world.“From Germany, Australia, Belgium, Brazil, Spain and France, and everywhere else: 777 out, no to multi-club owners!”

Dave Powell, the ECHO’s business of football writer published an article on Friday in which he stated: “The proposed takeover of Everton by 777 Partners has been mired in controversy, with the American firm having faced a number of legal issues relating to unpaid debts, while last month an Australian budget airline it owned, Bonza, went into voluntary administration.

Earlier this month also saw a $600m case filed in a civil court in New York by a London-based lender, Leadenhall Capital, who have made allegations of fraudulent practice by 777 Partners.

“In March, the Premier League informed 777 Partners that they were “minded to approve” its bid to take over at Everton, provided four conditions were met.

Those conditions were that 777’s interest-bearing loans to Everton, which now sit at a little more than £200m, have to be converted into equity; funds are required in an escrow account to meet financial obligations for the remainder of the season; proof of funding for the new stadium completion; and a £158m loan to be repaid to MSP Sports Capital.

“777 were granted an extension to the maturity date of the MSP loan, which was on April 15, but that extension is ‘weeks not months’ according to sources.

“It was reported earlier this week that Moshiri had extended the time for 777 to find the necessary capital to complete the deal until the end of the month, although sources the ECHO has spoken to have said that the initial agreement was until the end of May already and that Moshiri had privately pivoted and was now looking at alternatives, with the landscape having shifted considerably with regards to 777’s suitability as owners of Everton since the Premier League gave its conditional approval back in March.”