The difficulties around the 777 deal could lead to alternative bidders emerging as soon as this week.
Potential new bidders could be attracted by the earning potential of Everton’s new 52,888-capacity stadium on the banks of the Mersey and its co-owner Josh Wander have been accused of operating a “fraudulent scheme” by London’s Leadenhall Capital Partners and Leadenhall Life Insurance Linked Investments Fund.
The latest development casts further doubt over whether 777 can complete a protracted takeover of the Toffees after agreeing to buy Farhad Moshiri’s 94 per cent stake in the club last September. “Upon information and belief, Wander and Pasko are operating a giant shell game at best, and an outright Ponzi scheme at worst, that takes money in from investors and lenders and shuffles it around to various money-losing alter egos in the enterprise to disguise their true financial condition.”Echo
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