Former Everton bidder Josh Wander is set to plead guilty in a US fraud case, adding a serious legal setback to the financier’s troubled business record.
• Wander, co-founder of investment firm 777 Partners, is expected to enter his plea in federal court, according to people familiar with the matter.
• US prosecutors allege that he and associates misrepresented the firm’s financial position and used misleading information to secure funding and investments.
• The case follows 777 Partners’ failed attempt to acquire Everton, the English Premier League club. The proposed takeover collapsed in 2024 after the group failed to obtain regulatory approval.
• The firm’s wider business empire has faced mounting financial pressure, including disputes with creditors and the collapse of several investments.
• Wander’s plea could bring clarity to the allegations while exposing him to substantial penalties, including possible imprisonment and financial restitution. Court proceedings are expected to outline the scope of the alleged misconduct and identify any additional parties involved.