Josh Wander of 777 Partners has been indicted by the DOJ, but what does this mean for A-CAP, their biggest creditor, which has seized most of their assets, football clubs included, and remains accused of being the “puppeteer” pulling their strings?
Pasko
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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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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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.
It may be January sales season but for Everton the only question is who’s buying. 777 Partners agreed a deal to purchase owner Farhad Moshiri’s majority shareholding back in September, but three months on, they are still awaiting Premier League approval to complete a takeover.
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