A former 777 Partners employee has revealed an internal joke made by members of the investment company, which has agreed to a deal to takeover Everton.
According to Josimar (4 October), staff members would frequently recite the joke, “What’s the best type of money? THE MONEY OF OTHER PEOPLE!” This was stated by an unnamed former employee of 777.
The Everton fandom has been divided over 777’s financial decisions, with many wondering where their money comes from.
While many Everton supporters will be happy to see Farhad Moshiri leave the organization, the more information that becomes available about their prospective new owners raises greater doubts.
The business is said to have missed payments on a sizable number of investments. According to the Daily Mail (4 October), 777 and its Brazilian club Vasco De Gama both skipped their payments to the British Basketball League.
The joke made internally at 777 could be a big cause for concern among Everton fans. The seemingly careless philosophy regarding funding and usage of income does not suggest a meticulous and organised company.
There are also suspicions over 777’s managing director Josh Wander, with The Mirror saying (12 September) that Whitehall authorities were concerned that he would fail the owners’ and directors’ exam essential to buy a football club.
Even if their firm is shrouded in mystery, 777 do seem to be serious about their investment in the team. According to a 19 September story in the Liverpool Echo, they financed Everton £20 million to help with their immediate problems.
Everton has been in dire financial straits for a time, and while the prospect of fresh investment appears very alluring, 777 still needs to gain the confidence of fans and the Premier League as a whole.
A new controversy at another Premier League team necessitates 777’s veto of future Goodison Park negotiations in other Everton news.
