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Nuestra Centenaria Historia / Re:El expresidente José María del Nido
« Último mensaje por drodgom en Ayer a las 22:42 »Más de hoy mismo. Están obligados a vender sus participaciones en todos los clubs, incluyendo el SFC. Los han echado de sus oficinas en EEUU por no pagar el alquiler. Los dos cabecillas han dimitido. Las ramas subsidiarias del fondo en otros países están liquidando propiedades (con una corte superior por medio en Londres).
Venga pelucas de Pichardo.
https://www.sportspromedia.com/news/777-partners-high-court-winding-up-order/
SportsPro
777 Partners issued winding-up order by High Court
Alternative investment firm’s London branch will be liquidated as its soccer teams are put up for sale.
8 October 2024 Josh Sim
News
Getty Images
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777 Partners, the US-based alternative investment firm with an extensive portfolio of sports investments, has been ordered to wind up by the High Court.
Confirmed:
Companies House filing shows the court has ordered the company’s London branch to be liquidated under the 1986 Insolvency Act
Josimar Football reports that control of its multi-club soccer ownership group has been taken over by A-Cap, one of 777’s biggest financial backers
New York-based investment firm is said to have engaged Moelis & Co to evaluate and carry out the process of selling every team
777’s stable includes Belgium’s Standard Liege, Serie A outfit Genoa, French second division team Red Star FC, Bundesliga 2 side Hertha Berlin, LaLiga club Sevilla, Brazilian titan Vasco da Gama and Australia’s Melbourne Victory
Genoa’s chief executive has reportedly said “three or four” buyers have expressed interest in buying the team
Context:
While the firm’s founders Josh Wander (pictured) and Steve Pasko were understood to have resigned from their roles as managing partners, both are still listed as company directors of the London branch.
The High Court order comes as several of 777’s subsidiaries and assets, including budget airline Bonza, file for bankruptcy in other countries. According to Josimar Football, it has also been evicted from its offices in both Miami and Newport Beach over unpaid rent.
Josimar reports that A-Cap took out a US$40 million loan in May to keep the group of soccer teams afloat. The loan was said to be provided by GD Luma, a company owned by Chelsea and Los Angeles Dodgers co-owner Todd Boehly. The outlet reports that the loan was intended for the short-term, with Boehly said to have no involvement and no intention of buying any of the financially stricken clubs.
The holding company controlling Standard Liege and Hertha Berlin has a consolidated debt of €161 million as of 31st December 2023. A-Cap is reportedly hoping to sell the Belgian team for between €15 million and €18 million, while it plans to retain an interest in Hertha for the time being.
Coming next:
The first club owned by 777 to be sold could be Red Star, as it was reported last month that Steve Pagliuca, co-owner of Atalanta and the Boston Celtics, is in talks to buy the French team.
Venga pelucas de Pichardo.
https://www.sportspromedia.com/news/777-partners-high-court-winding-up-order/
SportsPro
777 Partners issued winding-up order by High Court
Alternative investment firm’s London branch will be liquidated as its soccer teams are put up for sale.
8 October 2024 Josh Sim
News
Getty Images
SHARE THIS ARTICLE
777 Partners, the US-based alternative investment firm with an extensive portfolio of sports investments, has been ordered to wind up by the High Court.
Confirmed:
Companies House filing shows the court has ordered the company’s London branch to be liquidated under the 1986 Insolvency Act
Josimar Football reports that control of its multi-club soccer ownership group has been taken over by A-Cap, one of 777’s biggest financial backers
New York-based investment firm is said to have engaged Moelis & Co to evaluate and carry out the process of selling every team
777’s stable includes Belgium’s Standard Liege, Serie A outfit Genoa, French second division team Red Star FC, Bundesliga 2 side Hertha Berlin, LaLiga club Sevilla, Brazilian titan Vasco da Gama and Australia’s Melbourne Victory
Genoa’s chief executive has reportedly said “three or four” buyers have expressed interest in buying the team
Context:
While the firm’s founders Josh Wander (pictured) and Steve Pasko were understood to have resigned from their roles as managing partners, both are still listed as company directors of the London branch.
The High Court order comes as several of 777’s subsidiaries and assets, including budget airline Bonza, file for bankruptcy in other countries. According to Josimar Football, it has also been evicted from its offices in both Miami and Newport Beach over unpaid rent.
Josimar reports that A-Cap took out a US$40 million loan in May to keep the group of soccer teams afloat. The loan was said to be provided by GD Luma, a company owned by Chelsea and Los Angeles Dodgers co-owner Todd Boehly. The outlet reports that the loan was intended for the short-term, with Boehly said to have no involvement and no intention of buying any of the financially stricken clubs.
The holding company controlling Standard Liege and Hertha Berlin has a consolidated debt of €161 million as of 31st December 2023. A-Cap is reportedly hoping to sell the Belgian team for between €15 million and €18 million, while it plans to retain an interest in Hertha for the time being.
Coming next:
The first club owned by 777 to be sold could be Red Star, as it was reported last month that Steve Pagliuca, co-owner of Atalanta and the Boston Celtics, is in talks to buy the French team.
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