A background report on Maimi-based U.S. sports investor 777 Partners and its founder, Josh Wander, outlines its ethically questionable business practices. Since its founding in 2015, 777 Partners has invested in a total of 8 soccer clubs worldwide, including Genoa in Italy, Sevilla in Spain, and Herta BSC in Germany. In September, Premier League club FC Everton informed that Farhad Moshiri had sold his 94.1% stake in 777 Partners.
777 Partners (website) and its founder, Josh Wander, are now renowned for their ownership of professional soccer clubs worldwide, including their recent acquisition of the Premier League’s FC Everton. The deal remains subject to approval from the Premier League, the Football Association, and the Financial Conduct Authority (FCA). 777 Partners has been embroiled in numerous controversies since being founded by Josh Wander and Steven Pasko in 2015, including allegations of fraud.
Their rise to prominence was built on the controversial business of buying structured settlement annuities. Critics argue that such financial dealings are exploitative, especially towards those in vulnerable situations like the one exposed in the Washington Post report.
In the U.S., 777 Partners has faced accusations of predatory financial practices targeting economically vulnerable individuals. They’ve been implicated in payday lending schemes and have been sued for allegedly deceiving homeowners.
Despite these controversies, 777 Partners has expanded its portfolio significantly. The company has become one of the world’s leading buyers of professional soccer clubs, owning teams in Spain, Italy, Brazil, Belgium, France, Germany, and Australia. Their acquisition of Everton is their most high-profile purchase to date.
777 Partners manages assets worth $10 billion, with around 60 subsidiaries spanning various industries. However, their rapid expansion and diverse interests have sometimes led to internal conflicts, with overlapping business aims among subsidiaries.
Josh Wander, the driving force behind 777 Partners, is known for his aggressive and ambitious approach. From his early days in Miami’s financial scene to his current position at the helm of a global empire, Wander’s relentless pursuit of profit has been both admired and criticized. Some describe him as a shrewd businessman, while others see him as someone willing to push ethical boundaries for financial gain.
In conclusion, 777 Partners‘ rise in the world of finance and sports ownership is a tale of ambition, controversy, and the complexities of modern business. As the company continues to grow and diversify, its practices and the ethics surrounding them will undoubtedly remain a topic of discussion and scrutiny.
