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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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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The good news for 777 Partners is that the Premier League is finally “minded to approve” their bid to purchase Everton. The bad news is the…
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