777 founder pleads guilty to fraud regarding Everton bid

An American businessman, head of 777 Partners which invested in struggling European soccer clubs, pleaded guilty to fraud in New York on October 15, 2026. As a result of the case, he is required to repay $500 million. This guilty plea comes amidst scrutiny of the financial dealings associated with his firm's investments in soccer clubs, including Everton. The circumstances leading to the fraud charge have raised serious questions about the governance of the clubs involved and the regulatory oversight of soccer investments. Further legal actions or consequences regarding the firm's operations are expected as the fallout continues.

• 11:12 PMESPN Soccer — 777 founder, who led Everton bid, guilty of fraud; to repay $500M