According to the portal’s report BloombergThe 777 Partnersa company that owns SAF do Vasco and who is also a shareholder in several other football clubs, is being sued for fraud in the United States courts.
According to the vehicle, the investment firm is accused of making a loan US$350 million (R$ 1.77 billion) and guarantee alleged funds that do not belong to the company, have already been used and/or do not exist.
The action was filed by the group Leandenhallwhich provided the loan to 777.
The complaint directly accuses Josh Wanderwho founded the firm alongside his partner Steve Paskoin 2015.
“To induce Leadenhall To finance its operation, Wander, along with his group of alter-ego entities, ‘pledged’ over US$350 million in assets as collateral for the Leadenhallknowing all the time that the assets did not exist, were not in fact owned by Wander’s entities or had already been pledged to another creditor”, says the article.
Still according to the vehicle, the relationship between 777 with the Advantage Capital Holdings LLCa North American insurance company known as “A-Cap“, is also under investigation by the North American courts.
A 777 was sought by Bloombergbut did not take a position until the publication of the report.
The group founded in Miami owns 70% of the Vasco da Gama SAF, in operation completed in 2022.
In addition to Cruzmaltino, the company owns shares in the following clubs: Genoa, Hertha Berlin, Melbourne Victory, Red Star and Standard Liège.
A 777 recently negotiated the purchase of Evertonfrom the Premier Leaguebut saw negotiations stall after the Goodnessan Australian airline controlled by the United States group, entered into judicial recovery.
