777 Partners have an agreement in place with the Friedkin Group that has allowed the latter’s purchase of Everton to go ahead.
That’s according to Genoa CEO, via Calcio Finanza, after he recently met with the club’s fans behind closed doors to discuss the ownership situation.
Blazquez is a representative for 777 Partners, who currently own Genoa and several other football clubs around the world.
That’s likely to come to an end sooner rather than later, though, with the American group beset by financial issues over the last year that have effectively brought their existence to an end.
The last few months have seen them selling off various businesses to help pay big debts and that will likely include the various football clubs they own.
Their issues also brought an end to their drawn out and ultimately unsuccessful attempts to purchase Everton, who they have also loaned money to help fund the completion of their stadium and to pay for running costs.
Instead, it is the Friedkin Group who are set to purchase the Toffees, having reached an agreement with Farhad Moshiri for a sale that is expected to be completed by the end of the year if all goes to plan.
Various reports have made it clear they’ve reached an agreement with 777 Partners, and their main creditors A-Cap, over the payment of their debts. And Blazquez has now confirmed that is the case.
«Genoa is still owned by 777 Partners today, the legal and criminal responsibility lies with Blazquez himself,” they report him saying.
“A-Cap, a creditor company towards 777 Partners, has every interest in preserving or, if possible, increasing the value of Genoa, this also in view of a total or partial sale of the company which, surely, will happen.
“There are at least three-four groups that have shown interest, seeing Genoa, as a good investment opportunity, also because the economic situation is better than when 777 acquired the club.
“Red Star Paris is in the process of being sold, Standard Liege too and for Everton an agreement has been made with the Friedkin family. Spors, is the Group Sporting Director of the group but at the moment the group is going away, and I don’t know what it will do.”
