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Investment Firm 777 Partners Set to Buy Everton and Make Moves in Hollywood

, Investment Firm 777 Partners Set to Buy Everton and Make Moves in Hollywood

Takeover Talks Between Everton and Investment Firm 777 Partners

English Premier League team Everton is reportedly nearing a deal for a takeover with US investment firm 777 Partners. The firm, based in Miami, has expressed a strong interest in adding the prestigious football club to its business portfolio.

777 Partners: Investments in Football and Hollywood

777 Partners already has ties in the football world, including owning 70% of CR Vasco da Gama and Genoa in Serie A. In addition to their involvement in the sporting industry, the investment firm has invested in Hollywood film studio STX Entertainment, producing films such as the Oscar-nominated "The Irishman" and the highly anticipated Ferrari biopic.

Formation of 777 Partners and Business Portfolio

777 Partners was founded in 2015 by entrepreneurs Steven Pasko and Josh Wander. The firm focuses on various sectors, including insurance, aviation, sports, media and entertainment, fintech, litigation finance, private credit, and sustainability. With over 50 portfolio companies and operations in more than 20 countries, 777 Partners has made a strong presence in the global market.

Expansion in the Football Industry

777 Partners first made its mark in the football industry by purchasing a stake in Sevilla, a Spanish football club, in 2018. They later acquired 99.99% of Italy's oldest club, Genoa, and a 70% stake in Brazil's Vasco da Gama, making it the largest takeover in Brazilian football history. The firm also has ownership stakes in Belgium's Standard Liege, Germany's Hertha Berlin, and Australia's Melbourne Victory.

, Investment Firm 777 Partners Set to Buy Everton and Make Moves in Hollywood

Aviation Investments

Unlike other football clubs backed by major airlines, 777 Partners has taken a low-budget approach to its aviation investments. The firm has assets in Canadian-based Flair Airlines, which operates a fleet of Boeing 737 aircraft, and Australian-based Bonza, a low-cost carrier specializing in domestic and regional routes.

Involvement in Hollywood Film Studio

777 Partners made headlines when it invested in Burbank-based film studio STX Entertainment. The studio acquired worldwide distribution rights for the critically acclaimed film "The Irishman" directed by Martin Scorsese. Their latest film, the Ferrari biopic, has received high praise and is generating Oscar buzz.

Controversies Surrounding the Co-Founder

Co-founder Josh Wander faced legal issues in the past, including an arrest for cocaine trafficking in 2003. He served his sentence and completed a long period of parole that ended in 2019. In addition, there have been allegations of misconduct involving 777-affiliated companies, including kidnapping, predatory lending, and fraud. 777 Partners has vehemently denied these claims.

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Conclusion: Everton's Future with 777 Partners

As one of the oldest clubs in the Premier League, Everton seeks new ownership that can lead them to financial stability and success. Only time will tell if 777 Partners is the right fit for the job.

, Investment Firm 777 Partners Set to Buy Everton and Make Moves in Hollywood

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