Foot & Soccer Soccer Match Reports, Football News
October 14 – Serie A Genoa, Italy’s oldest club, are seeking new buyers after owners 777 Partners – who had tried to purchase Everton a few months ago – collapsed financially.
Reports claim all of the US-based investment firm’s football assets “have been put up for sale” after the High Court in London presented them with a winding up order.
The downfall of 777 Partners – whose portfolio of teams either under ownership or which they had stakes in included Genoa, Sevilla, Hertha Berlin, Vasco da Gama, Melbourne Victory and Standard Liege – comes some five months after the firm were handed a deadline of the end of May to complete the Everton deal, having initially been granted “conditional approval” by the English Premier League provided they met a number of conditions.
The Miami-based firm had been beset by legal and financial issues and was effectively being kept afloat by a $40 million loan taken by A-Cap in May, one of their principle creditors.
They had been in charge of Genoa since 2021. Belgium’s Standard Liege is also apparently up for sale at €15-18 million.
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Source link : https://www.insideworldfootball.com/2024/10/14/777-partners-collapse-puts-clubs-assets-including-serie-oldest-club-genoa-sales-block/
Author : Paul Nicholson
Publish date : 2024-10-14 11:24:46
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