1 week ago
Everton's prospective owners 777 Partners and nan firm's co-owner Josh Wander person been accused of a "fraudulent scheme" by a lender successful a civilian tribunal filing successful New York.
London-based Leadenhall Capital Partners LLP and Leadenhall Life Insurance Linked Investments Fund PLC declare Wander and 777 'pledged' complete $350m (£279m) successful assets arsenic collateral for a in installments installation agreement, but knew they "did not exist" aliases were "not really owned by Wander’s entities".
Leadenhall's 82-page filing, which was submitted connected Friday arsenic portion of its civilian claim, says it is seeking to retrieve "millions of dollars successful damages from a location of cards connected nan brink of collapse".
777 Partners declined to remark erstwhile contacted by BBC Sport.
The latest improvement casts further uncertainty complete whether 777 tin complete a prolonged takeover of nan Toffees aft agreeing to bargain Farhad Moshiri's 94% liking successful nan nine past September.
The Miami-based finance patient has held discussions pinch a backstage equity patient specialising successful 'distressed debt' arsenic it intends to seal a woody that it is yet to beryllium ratified by nan Premier League.
The patient already owns stakes successful European teams including Genoa, Sevilla, Hertha Berlin and Standard Liege, arsenic good arsenic Brazilian nine Vasco da Gama.
777 has endured financial strife this week, yet sending a delayed costs of £16m to Everton for day-to-day operational costs, and having an hose it owns participate voluntary administration.
Meanwhile, 777's UK nationalist relations advisers person stopped representing nan institution aft saying nan patient did not meet payments connected fees and it remains to beryllium seen whether they will re-engage.
Leadenhall's US tribunal filing stated: "Everton is nan latest shiny entity of Wander’s fraudulent scheme, solvency aside.
"Upon accusation and belief, Wander and [co-owner Steven] Pasko are operating a elephantine ammunition crippled astatine best, and an outright Ponzi strategy astatine worst, that takes money successful from investors and lenders and shuffles it astir to various money-losing change egos successful nan endeavor to disguise their existent financial condition."
BBC Sport contacted Wander separately connected Saturday for remark is awaiting a response.
