Genoa owners 777 Partners go bankrupt, but hope for future remains | OneFootball

Serie A club Genoa are seeking new buyers after owners 777 Partners – who had tried to purchase Everton a few months ago – was declared bankrupt.

There had been big question marks over the American firm for some time, which is why their attempts to complete a takeover of Premier League side Everton had been held up.

Now those doubts have been confirmed by the High Court in London presenting 777 Partners with a winding up order.

777 Partners control Genoa

Genoa are not the only club owned by this company, as their sports portfolio also includes Standard Liege in Belgium, French second division side Red Star FC, Sevilla in LaLiga, Bundesliga 2 club Hertha Berlin, Vasco da Gama in Brazil and Australia’s Melbourne Victory.

They have been in charge of Genoa since 2021, when buying out decades-long patron Enrico Preziosi.

777 Partners were effectively being kept afloat by a $40 million loan taken by A-Cap in May, one of their principle creditors.

According to reports, Standard Liege is up for sale at €15-18m, while Red Star could be sold to Steve Pagliuca, who already co-owns Atalanta.

In theory, A-Cap would now own Genoa and should therefore try to fund the January transfer campaign because avoiding relegation to Serie B is essential.