Prospective Everton owner 777 Partners is being accused of fraud by a pair of London-based asset management companies. Leadenhall Capital Partners LLP and Leadenhall Life Insurance Linked Investments Fund PLC are seeking damages after they claim Josh Wander — the co-founder of 777 — and a series of linked companies including 777,

Everton’s prospective new owner, 777 Partners, is being sued for allegedly borrowing fraudulently against approximately £280 million of assets it did not control or “did not exist”. Josh Wander, the co-founder of the US investment firm,

In a suit filed in federal court in New York, a firm that provided hundreds of millions of dollars to 777 accused the company of double-pledging its collateral to other investors.