Founded in 2015, it acquired several soccer clubs, such as Genoa CFC in Italy, Standard Liège in Belgium, Red Star FC in France, CR Vasco da Gama in Brazil, and Hertha BSC in Germany.
[1][2][3] It has had aircraft seized in Canada due to alleged non-payment,[4] and its airline Bonza went into voluntary administration in 2024,[5] the same year that the BBL's operating company had its license revoked by British Basketball.
[10] Sevilla had been identified by 777 Partners as an opportunity for investment due to their focus on buying and selling players under sporting director Monchi.
[13] The club hired former AC Milan and Ukraine striker Andriy Shevchenko in November, firing him in January 2022;[14] Genoa ended the season relegated (as did another US-owned team, Venezia FC),[15] but were immediately promoted back into the top division in May 2023.
The transaction was the biggest in the history of Brazilian football, and came off the back of a change in legislation allowing clubs to adopt new legal structures by becoming limited companies and sourcing finance from private equity markets.
[20] The team survived, and signed players including France international Dmitri Payet, but fans continued to protest, vandalizing the stadium in May 2024.
[11] Within a month of taking over, Wander said that Vasco would have a comparable budget the next time they played city rivals CR Flamengo, one of the wealthiest clubs in Brazil.
Former presidential candidate Jean-Luc Mélenchon was one of several politicians to sign a letter published in Le Monde, stating "For us, Red Star is a common good that cannot be sacrificed on the altar of profit.
"[26] Éric Coquerel, the parliamentary deputy whose constituency includes Red Star's home of Saint-Ouen-sur-Seine, has campaigned for laws against multi-club ownership.
[28] In October 2022, 777 Partners bought a minority stake in Melbourne Victory FC of the Australian A-League Men[29] for AU$8.7 million.
[27] In May 2024, The Athletic reported that fans were less antagonistic toward 777 at Hertha Berlin than at other clubs in their portfolio, partly due to the controversies and low points of Windhorst's ownership.
[41] In January 2024, it was reported that the lessors had filed claims at the UK High Court for costs and that there had been outstanding payments of $1.8 million on the four aircraft when notice of default was served.
[48] In August 2024, administrators Hudson Weir allowed the London Lions to be sold to Tesonet, the creators of NordVPN and owners of Lithuanian team BC Žalgiris.
[49] During the negotiations to buy Vasco, Brazilian newspaper O Globo revealed that Wander had been convicted in 2004 for ordering cocaine in the mail while a 22-year-old student of the University of Florida.
[56] Norwegian football investigation website Josimar wrote in 2023 that 777 was facing allegations of financial impropriety, including fraud and unpaid bills.
[27] 777 Partners have been sued by multiple organizations for unpaid debts and contract breaches with lawsuits describing their financial practices as a "house of cards"[57][2][58] and a "sprawling fraudulent enterprise".
[59][60] In May 2024, American insurance firm Advantage Capital Holdings LLC (A-CAP), a major investor in 777 Partners, hired Moelis & Company to review 777's portfolio.