As Everton pivot towards finding new ways to raise capital through the sale of equity in the club, one of the parties understood to have reopened discussions is facing backlash from fans of another club they own.
But last month that deal fell down after one of Everton’s existing lenders, Rights and Media Funding Limited, objected to having their protection against possible default diluted, as well as being unhappy with the amount of money being put up for equity in the club. When interviewed by the Financial Times last week, 777 co-founder Wander refused to be drawn on any investment play in Everton, while the company declined to comment when approached by the ECHO. But Wander did pull back the curtain a little on what the overall plan for the 777 portfolio of clubs was.
“The vision for this football group is that one day we’re not selling hot dogs and beers to our customers; that we’re selling insurance or financial services or whatever.”