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?
Wander
Roll up. Roll up. 777 Partners are being forced to auction off all of their shares in all of their football clubs, with a sale to be completed this week.
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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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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.
As their proposed takeover of Everton enters a key week, new court filings show 777 Partners struggling to fund a 1 million dollar payment to a lender as recently as January.
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As Josh Wander and 777 Partners continue to wait on Premier League approval for their proposed takeover of Everton, new legal papers filed in Florida reveal Russian oligarch Oleg Boyko is seeking a restraining order against them in a case referencing the club.
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