A Belgian court has ruled that all assets in the country belonging to American investment group 777 Partners can be seized, in the latest legal setback for the embattled company that owns Standard de Liège and several other soccer clubs.
FILE - Josh Wander, CEO of the 777 Partners Group, speaks at a press conference on the entry as new investor for Bundesliga soccer club Hertha BSC in Berlin, Germany, Monday, March 13, 2023. An Australian airline grounded. A lawsuit in a federal court in New York alleging $600 million fraud. A long-stalled bid to buy English Premier League soccer club Everton.
Belgian media reported that the court authorized the seizure of all 777 Partners’s assets in the country, including Standard’s accounts and shares, as well as shares in Immobilière Standard de Liège, which owns the Maurice Dufrasne stadium. The court declined to comment when contacted by The Associated Press.
“If there is no response from them, we will take further action to protect our interests and those of Standard de Liège,” it added. “Our priority is to ensure the continuity and stability of the Club in the short, medium and long term. We are at the disposal of the Club’s management to help them find a lasting solution for Standard de Liège.”
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