It’s certainly not an easy time for 777 Partnerswhich he risks seeing scupper the deal with Farhad Moshiri for theEverton (after a series of loans to the English club for more than 200 million euros), and sees himself in difficult situations regarding Vasco da Gama And Standard Liège, two of the clubs that see the US fund as a shareholder. Without forgetting the internal situation which saw the removal of the co-founders Steven Pasko And Josh Wander by the sports sector board of directors with the involvement of the advisor B Riley Advisory Services to try to lift the bottom.
In all this, we must not forget the Genoa, which is owned by 777 Partners. He’s thinking about reassuring the Grifone fans Andres BlazquezCEO of the club and representative of the US fund: «Here at Genoa everything is working wellwe are planning next season ei payments are regular. Starting from renewal of Gilardinoand then continue with the market – declared a The 19th Century –. Elsewhere there are some ongoing disputes, nothing changes for us».
777 Partners sees itself involved in 16 judicial proceedings, especially in the United States and in New York in particular. The fund holds the 30% of Vasco da Gama with a installment to be paid by September to see increase its controlling stake. But, precisely in view of this option, the Brazilian club asked, through the president Pedrinhoat the Court of Justice of the State of Rio de Janeiro suspend as a precaution the contract that binds 777 to Vascoeffectively blocking the Board of Directors, in which Josh Wander, Steve Pasko, Blazquez himself and Don Dransfieldthe latter CEO of the Football Group.
A precautionary measure, taken in light of the news arriving from the USA and which aims to protect the Brazilian club. Decision contested very harshly by 777, who had no chance to defend and had already announced appeal to overturn the suspension.
In Liège, however, a dispute is underway with the former patron Bruno Venanzibecause of previous debts emerged following the sale of the Standard (and the stadium) and the failure to pay a 3.5 million tranche by 777 against Venanzi. The judge ruled freeze the assets and shares of 777 Partners in Belgium, to protect the parties involved. The two parties, in the meantime, are working to resolve the issue through a out-of-court settlement and thus unblock the situation. An understanding that is given as possible.
