The latest lawsuit filed against 777 Partners in Miami last week is by a former employee seeking damages for unpaid salary and bonuses amounting to $1.8m.
777 Partners are accused of developing “a dubious reputation throughout the finance world”, of being “more interested in the appearance of being a successful enterprise” than “executing a sustainable business model”, and of amassing “massive debts”.
The Florida-based investment firm are still awaiting a decision from the Premier League over whether or not they pass the owners and directors test, having agreed to purchase Farhad Moshiri’s stake in Everton back in September.
In the meantime, 777 have provided the club with a reported £170m in loans to keep the new stadium at Bramley-Moore Dock in track for completion by the end of the year.