Generic clubs in financial crisis Thread

[Sutekh]

Why oh why do football authorities keep stitching themselves up like this?

[Winston Biscuit]

https://josimarfootball.com/2024/10/07/777-partners-in-crime/

777 Partners has collapsed, leaving behind seven football clubs in a desperate financial position. With insurmountable debts, will anyone acquire any of these clubs?

The clubs are:

Genoa
Standard Liege
Vasco
Red Star Belgrade
Hertha Berlin
Sevilla
Melbourne Victory

To all intents and purposes, the multi-club ownership group through which 777 Partners held stakes in has ceased to exist as a going concern. Control of all of those clubs has been seized by New York-based investment firm A-CAP, 777 Partners’ prime backer, which has instructed investment bank Moelis & Co to look at the feasibility of selling each and every one of them

[Sutekh]

https://josimarfootball.com/2024/10/07/777-partners-in-crime/

777 Partners has collapsed, leaving behind seven football clubs in a desperate financial position. With insurmountable debts, will anyone acquire any of these clubs?

The clubs are:

Genoa
Standard Liege
Vasco
Red Star Belgrade
Hertha Berlin
Sevilla
Melbourne Victory

To all intents and purposes, the multi-club ownership group through which 777 Partners held stakes in has ceased to exist as a going concern. Control of all of those clubs has been seized by New York-based investment firm A-CAP, 777 Partners’ prime backer, which has instructed investment bank Moelis & Co to look at the feasibility of selling each and every one of them

Presume there's a few players there that'll be finding new homes in January.

[Winston Biscuit]

Inverness Caley Thistle go into administration and are docked 15 points.

Such a small league table that before this they were just 5 points off of top spot, now they are bottom and 12 points from safety

[Sutekh]

Inverness Caley Thistle go into administration and are docked 15 points.

Such a small league table that before this they were just 5 points off of top spot, now they are bottom and 12 points from safety

Well, guess that’ll save the other clubs from the automatic relegation spot.

[Dirk Gently]

Inverness Caley Thistle go into administration and are docked 15 points.

Such a small league table that before this they were just 5 points off of top spot, now they are bottom and 12 points from safety

Well, guess that’ll save the other clubs from the automatic relegation spot.

Except that Dumbarton have also gone into administration, so it's a race to avoid it between those two both deducted points.

Interestingly (*) Police Scotland are investigating potential fraud in the same of land to or from Dumbarton, and it seems there's a certain amount of doubt over who actually owns the club.

[Sutekh]

Inverness Caley Thistle go into administration and are docked 15 points.

Such a small league table that before this they were just 5 points off of top spot, now they are bottom and 12 points from safety

Well, guess that’ll save the other clubs from the automatic relegation spot.

Except that Dumbarton have also gone into administration, so it's a race to avoid it between those two both deducted points.

Interestingly (*) Police Scotland are investigating potential fraud in the same of land to or from Dumbarton, and it seems there's a certain amount of doubt over who actually owns the club.

Starting to make Reading seem quite well run.

[Snowflake Royal]

At least they've got administrators who'll actually try to sell the club.