The American independent investment firm 777 Partners buys one hundred percent of the shares of Standard and thus becomes the new owner of the club. Earlier, another US holding company, JKC Capital, was put forward as a top candidate, but they were wrong.
“Bruno Finanzi has reached an agreement with 777 partners. The transfer agreement has been signed and the completion of the transfer will normally follow within a few weeks as per the usual procedure,” Standard posted on the club’s website on Friday evening.
“777 Partners looks forward to taking on this new challenge and helping the club continue its development and return to its past glory.” Standard has been at large for years and is currently 13th in the standings.
Bruno Finanzi thanks his supporters for the “unconditional support during his 7-year presidency” and will remain “the number one supporter” in the future.
777 Partners is a 2015 Miami-based company that invests in six major industries: insurance, consumer and commercial finance, litigation finance, direct lending, sports, media and entertainment, and aerospace.
In 2021, 777 Partners has already taken full ownership of Genoa FC, Italy’s oldest football club, and last month announced plans to acquire a 70% stake in Brazil’s Vasco da Gama. In addition, 777 Partners owns a large stake in Spanish club Sevilla.
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