As reported by Josimar (4 October) employees would often repeat the joke: “What’s the best kind of money? OTHER PEOPLE’S MONEY!” This was shared by a former 777 employee speaking anonymously.
777’s financial investments have been a point of contention among the Everton fanbase, with many questioning the source of their income
While many Everton fans will be excited about the prospect of Farhad Moshiri’s departure from the club, the more that is revealed about their potential new owners raises more concerns.
The company has been accused of missing payments for their vast portfolio of investments. The Daily Mail reported (4 October) that 777 had delayed a payment to the British Basketball League, while their Brazilian club Vasco De Gama has also missed scheduled payments.
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 fears regarding 777’s managing director Josh Wander, with The Mirror claiming (12 September) that Whitehall officials were concerned that he would fail the owners’ and directors’ test necessary to buy a football club.
777 do appear to be serious about their investment in the club, with the Liverpool Echo reporting (19 September) that they loaned Everton £20million to ease their short-term issues, so their commitment to the club is apparent even with the mystery that surrounds their business.
Everton have been in poor financial shape for a number of years and while the idea of new investment seems very appealing, 777 still has a lot of trust to build with fans and the Premier League altogether.
In other Everton news, 777 needs to veto fresh Goodison Park talks to complete a behind-the-scenes deal amid a new controversy at another Premier League side.
