Standard Liege game called off amid protests as 777 hire restructuring experts

Lyndon Lloyd
10/05/2024

Standard Liege’s fixture against Westerlo had to be postponed this evening after protestors prevented the team coach from getting to the stadium.

Standard supporters are angry at the running of the club by majority owner 777 Partners which has resulted in a third transfer ban for the one-time Belgian giants after they failed to meet agreed payments.

There are reports in Belgium this evening that Standard’s former owner, Bruno Venanzi, is working on building a consortium with other investors to repurchase the club, having begun legal proceedings to have 777’s Belgian assets seized as he seeks millions of Euros the Florida firm still owe him and shareholders in Stade Maurice Dufrasne.

Meanwhile, Josimar are reporting that 777 Partners co-founders Josh Wander and Steve Pasko have been removed from the board of 777 Football Group that steers their ownership of the company’s stable of global football clubs and which was trying to acquire Everton.

According to the BBC, Ian Ratner and Ron Glass of B. Riley Advisory Services, whose expertise are in bankruptcy advice and litigation, have been brought in “to take on governance roles within [the] organisation” and help with “various operational challenges” according to the reports.

That could signal that 777 themselves are at risk of going into administration as they fight a number of court cases in the US and grapple with the fallout of the collapse of their budget Australian airline, Bonza.

At the same time, Everton news source The Bobble has tweeted that Farhad Moshiri has officially informed Wander and company of his decision to seek other investors for Everton as he continues to find a buyer willing and able to purchase his 94.1% stake in the Club.


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