10.10.2024 01:50
The firm 777 Partners, which has football clubs in the top leagues of Italy and Spain, has gone bankrupt after being unable to withstand the global economic crisis any longer. It has been reported that the US-based company, which attempted to purchase Everton a few months ago, was sustaining itself with a $40 million loan, while the situation of the clubs it owns remains uncertain.
After the bankruptcy of 777 Partners, the clubs under its umbrella began searching for new buyers. The US-based 777 Partners had attempted to purchase Premier League team Everton a few months ago, but uncertainties surrounding the firm had hindered this process.
CONCERNS BECAME OFFICIAL
According to reports in the Italian press, these concerns became official with the High Court of London issuing a bankruptcy ruling for 777 Partners.
GENOA, STANDARD LIEGE...
777 Partners also owns football clubs in many different countries. Founded in 2015, the company has acquired several football clubs, including Genoa CFC in Italy, Standard Liège in Belgium, Red Star FC in France, CR Vasco da Gama in Brazil, and Hertha BSC in Germany. Additionally, it holds minority stakes in Sevilla FC in Spain and Melbourne Victory FC in Australia.