{"id":5129,"date":"2024-12-03T23:14:29","date_gmt":"2024-12-03T23:14:29","guid":{"rendered":"https:\/\/betwealthsuretips.com\/blog\/genoa-statement-casts-doubt-over-777-partners-sale-plans\/"},"modified":"2024-12-03T23:14:29","modified_gmt":"2024-12-03T23:14:29","slug":"genoa-statement-casts-doubt-over-777-partners-sale-plans","status":"publish","type":"post","link":"https:\/\/betwealthsuretips.com\/blog\/genoa-statement-casts-doubt-over-777-partners-sale-plans\/","title":{"rendered":"Genoa statement casts doubt over 777 Partners sale plans"},"content":{"rendered":"<div>\n<div><picture><source type=\"image\/webp\" data-srcset=\"https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/09\/genoa-v-as-roma-serie-a-stadio-ferraris-310x207.jpg.webp 310w,https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/09\/genoa-v-as-roma-serie-a-stadio-ferraris-320x213.jpg.webp 320w,https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/09\/genoa-v-as-roma-serie-a-stadio-ferraris-414x276.jpg.webp 414w,https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/09\/genoa-v-as-roma-serie-a-stadio-ferraris-630x420.jpg.webp 630w,https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/09\/genoa-v-as-roma-serie-a-stadio-ferraris-768x512.jpg.webp 768w,https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/09\/genoa-v-as-roma-serie-a-stadio-ferraris-770x513.jpg.webp 770w,https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/09\/genoa-v-as-roma-serie-a-stadio-ferraris-900x600.jpg.webp 900w,https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/09\/genoa-v-as-roma-serie-a-stadio-ferraris-1024x683.jpg.webp 1024w,https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/09\/genoa-v-as-roma-serie-a-stadio-ferraris.jpg.webp 1200w\" data-sizes=\"(min-width:1665px) 1155px, (min-width:768px) 69vw, (min-width:576px) 60vw, 92vw\"><img decoding=\"async\" src=\"https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/09\/genoa-v-as-roma-serie-a-stadio-ferraris.jpg\" alt=\"GENOA, ITALY - SEPTEMBER 15: Genoa fans wave their flags prior to kick-off in the Serie A match between Genoa CFC and AS Roma at Stadio Luigi Ferraris on September 15, 2024 in Genoa, Italy. (Photo by Getty Images\/Getty Images)\"   fetchpriority=\"high\"><\/picture><\/div>\n<p>Genoa fans (Photo by Getty Images\/Getty Images)  <\/p>\n<p>There is confusion over the future of Serie A side Genoa after a statement denied reports 777 Partners had put the club up for sale.<\/p>\n<p>It had been assumed that they were seeking buyers with urgency after the American private equity firm was effectively declared bankrupt in October when the High Court in London presented them with a winding up order.<\/p>\n<p>The Grifone and 777 Partners released a joint statement on Tuesday via the club website.<\/p>\n<p>\u201cWith regards to some stories appearing in the media over the last few days, 777 Genoa CFC Holdings S.r.l. and Genoa CFC S.p.A. clarify as follows.<\/p>\n<p>\u201cThe majority shareholders 777 Genoa CFC Holdings S.r.l. has not given a mandate to anyone to sell its shares in Genoa CFC S.p.A., let alone to Moelis &#038; Company.<\/p>\n<p>\u201cThe majority shareholders and Genoa CFC S.p.A. therefore reject any form of speculation and media suggestion, confirming its effort to support Genoa CFC in its growth process and consolidation in the reference market.\u201d<\/p>\n<h2>Genoa future up in the air<\/h2>\n<figure id=\"attachment_848506\" aria-describedby=\"caption-attachment-848506\"><picture><source type=\"image\/webp\" data-srcset=\"https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/11\/Patrick-Vieira-Genoa-instructions-310x207.jpg.webp 310w,https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/11\/Patrick-Vieira-Genoa-instructions-320x213.jpg.webp 320w,https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/11\/Patrick-Vieira-Genoa-instructions-414x276.jpg.webp 414w,https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/11\/Patrick-Vieira-Genoa-instructions-630x420.jpg.webp 630w,https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/11\/Patrick-Vieira-Genoa-instructions-768x512.jpg.webp 768w,https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/11\/Patrick-Vieira-Genoa-instructions-770x513.jpg.webp 770w,https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/11\/Patrick-Vieira-Genoa-instructions-900x600.jpg.webp 900w,https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/11\/Patrick-Vieira-Genoa-instructions-1024x683.jpg.webp 1024w,https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/11\/Patrick-Vieira-Genoa-instructions.jpg.webp 1200w\" data-sizes=\"(min-width:1665px) 1155px, (min-width:768px) 69vw, (min-width:576px) 60vw, 92vw\"><img decoding=\"async\" src=\"https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/11\/Patrick-Vieira-Genoa-instructions.jpg\" alt=\"GENOA, ITALY - NOVEMBER 24: Patrick Vieira, head coach of Genoa, looks on during the Serie A match between Genoa and Cagliari at Stadio Luigi Ferraris on November 24, 2024 in Genoa, Italy. (Photo by Getty Images\/Getty Images)\" srcset=\"https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/11\/Patrick-Vieira-Genoa-instructions-310x207.jpg 310w,https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/11\/Patrick-Vieira-Genoa-instructions-320x213.jpg 320w,https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/11\/Patrick-Vieira-Genoa-instructions-414x276.jpg 414w,https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/11\/Patrick-Vieira-Genoa-instructions-630x420.jpg 630w,https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/11\/Patrick-Vieira-Genoa-instructions-768x512.jpg 768w,https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/11\/Patrick-Vieira-Genoa-instructions-770x513.jpg 770w,https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/11\/Patrick-Vieira-Genoa-instructions-900x600.jpg 900w,https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/11\/Patrick-Vieira-Genoa-instructions-1024x683.jpg 1024w,https:\/\/icdn.football-italia.net\/wp-content\/uploads\/2024\/11\/Patrick-Vieira-Genoa-instructions.jpg 1200w\" data-sizes=\"(min-width:1665px) 1155px, (min-width:768px) 69vw, (min-width:576px) 60vw, 92vw\" ><\/picture><figcaption id=\"caption-attachment-848506\">NOVEMBER 24: Patrick Vieira, head coach of Genoa, looks on during the Serie A match at Stadio Luigi Ferraris on November 24, 2024. (Photo by Getty Images\/Getty Images)<\/figcaption><\/figure>\n<p>According to Calciomercato.com, this might suggest a battle brewing between 777 Partners and A-Cap, the insurers whose massive financing agreement was effectively keeping 777 Partners afloat.<\/p>\n<p>This was also the case during the failed attempts by 777 Partners to buy out Premier League club Everton.<\/p>\n<p>Also on Tuesday, the Financial Times reports that Utah regulators ordered three insurers to stop accepting new money, all of them part of the A-Cap group.<\/p>\n<p>The sports portfolio of 777 Partners 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\u2019s Melbourne Victory.<\/p>\n<p>They bought out the Rossoblu from previous owner Enrico Preziosi in 2021.<\/p>\n<nav aria-label=\"Posts\">\n<h2>Post navigation<\/h2>\n<\/nav><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Genoa fans (Photo by Getty Images\/Getty Images) There is confusion over the future of&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5130,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[34],"tags":[],"class_list":["post-5129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-serie-a-breaking-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3.1 - 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