A-CAP has suspended the sale of Standard de Liège, a criminal investigation has opened at Genoa, and the future of all the clubs in the crumbling 777 Partners empire could soon be in the hands of US regulators.
777
The demise of 777 Partners is now threatening to affect thousands of insurance policyholders in the USA whose money ended up funding the company’s risky bets on debt-ridden, loss-making football clubs and failing budget airlines.
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How did A-CAP lose control over Genoa and who actually owns the club now? Romanian Dan Şucu’s takeover faces a legal challenge, but is he only a front to hide the real owners?
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A-CAP has always maintained that it was financially able to withstand the demise of 777 Partners. A new ruling by Utah regulators shows it is not the case, something which will alarm all of the football clubs it now controls and has failed to find buyers for.
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Was buying football clubs just a way for 777 Partners to hide their true business – money laundering?
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A 777 Partners entrou em colapso, deixando para trás sete clubes de futebol em uma situação financeira desesperadora. Com dívidas intransponíveis, qual será o futuro desses clubes?
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A 777 é proprietária de vários clubes de futebol e consiste em um grupo de investidores privados americanos, que tem um histórico inconsistente em honrar seus compromissos financeiros, e é alvo de várias ações judiciais nos EUA. Mas quem são eles e de onde vem o dinheiro?
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777 Partners has collapsed, leaving behind seven football clubs in a desperate financial position. With insurmountable debts, will anyone acquire any of these clubs?
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777 Partners has lost control of its football operations, whose CEO Don Dransfield has quit. And attempts to sell its portfolio of clubs by Kenneth King of A-CAP are under threat from an injunction granted this week by a US Court.
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All of the football clubs in the 777 Partners portfolio are up for sale. But the full scale of the colossal debt burden at Genoa will be a concern for potential buyers, and where does this leave Everton?
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Josh Wander and Steve Pasko have been removed from the board of the football division of 777 Partners after bankruptcy specialists were called in.
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Another missed payment deadline by 777 Partners, this time to Everton, puts the firm’s takeover of the club into fresh doubt, while one of its airlines has just entered voluntary administration.
