logo
777 Partners
FILE - Josh Wander, CEO of the 777 Partners Group, speaks at a press conference on the entry as new investor for Bundesliga soccer club Hertha BSC in Berlin, Germany, Monday, March 13, 2023. An Australian airline grounded. A lawsuit in a federal court in New York alleging $600 million fraud. A long-stalled bid to buy English Premier League soccer club Everton. These are troubled times for Miami-based investment group 777 Partners, one of the wave of United States owners in European soccer, bringing more anxiety for fans of its teams in several countries. On Tuesday, May 7, 2024, financial administrators of the collapsed 777-owned Australian airline Bonza confirmed all flights are canceled for one more week. (Andreas Gora/dpa via AP, file)

Scrutiny of Everton's prospective buyer intensifies after airline collapse and New York fraud case

A grounded airline in Australia

By Graham Dunbar
Published - May 07, 2024, 12:52 PM ET
Last Updated - May 27, 2024, 01:01 AM EDT

GENEVA (AP) — A grounded airline in Australia. A lawsuit in a New York federal court alleging fraud in connection to a $600 million loan. And angry soccer fans in England resisting a takeover of Premier League club Everton.

These are troubled times for Miami-based 777 Partners, the investment group that recently joined the wave of American owners in European soccer but is facing mounting problems in both the business and sporting world.

777 Partners owns soccer clubs in Germany, Italy, Belgium and Brazil but has failed to get approval for its bid to buy storied English club Everton — and the opposition is just growing stronger after its recent legal turmoil.

The Everton FC Shareholders' Association issued a statement on Tuesday calling on the club's board to “recognize that 777 Partners are not at this time fit-and-proper prospective owners.”

Our Offices
  • 10kInfo, Inc.
    13555 SE 36th St
    Bellevue, WA 98006
  • 10kInfo Data Solutions, Pvt Ltd.
    Claywork Create
    11 km, Arakere Bannerghatta Rd, Omkar Nagar, Arekere,
    Bengaluru, Karnataka 560076
4.2 12182024