The latest of several lawsuits filed against 777 Partners makes startling new claims about their business model, and a claim for damages sheds new light on managing partner Josh Wander at a time when the Miami firm is losing key personnel and facing a widened investigation into its finances.
Genoa CFC owners 777 Partners are attempting to re-structure their club's debt to the Italian tax authorities, which currently stands at over 106 million euro. The Italian club faces bankruptcy if the Court of Genoa does not agree to the operation, while other creditors of the club are still owed an extra 160 million.
Multiple club-owner 777 – a US private investors group – has a patchy record in honouring its financial commitments and is the subject of several court actions in the USA. So who are they, and where does the money come from?