Everton's prospective owners 777 sued in alleged 'Ponzi scheme' fraud case
Lawsuit filed in New York brands US investment firm 777 Partners ‘a house of cards on the brink of collapse’
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        Everton’s prospective owners 777 sued in alleged ‘Ponzi scheme’ fraud case
    
        Lawsuit filed in New York brands US investment firm 777 Partners ‘a house of cards on the brink of collapse’
    

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Melbourne Victory

edit In October 2022, 777 Partners bought a minority stake in Melbourne Victory FC of the Australian A-League Men16 for AU$8.7 million. The following January, the club's shareholders voted in favor of allowing 777 Partners to secure up to 70% over the next five years, in exchange for AU$30 million in investment.17

Hertha BSC edit The company took a 64.7% stake in Hertha BSC of the German Bundesliga in March 2023, after its sale by Lars Windhorst, who had been majority shareholder since 2019.[18] Due to German football's 50+1 rule, 777 does not control the club. The company faced protests from Hertha's fans.[14]

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The potential new owners of Everton Football Club, 777, are facing a lawsuit due to their involvement in an alleged Ponzi scheme fraud. The case, which has recently come to light, has caused concern among fans and investors alike. The lawsuit claims that the 777 group used deceptive and fraudulent practices to lure investors into giving them large sums of money, promising high returns. However, instead of investing the funds as promised, it is alleged that the group used the money to pay off existing investors and for personal gain. This has caused significant financial losses for those involved and has raised questions about the integrity and transparency of the 777 group. The lawsuit is still ongoing and the outcome could have a major impact on the potential takeover of Everton by 777.