The autonomous American investment company 777 Partners buys one hundred percent of the shares of Standard and thus becomes the new owner of the club. Earlier, another American holding company, JKC Capital, was put forward as a top candidate, but they are wrong.
“Bruno Venanzi has reached an agreement with 777 Partners. The signing of the transfer agreement has taken place and the completion of the transfer will normally follow within a few weeks according to the usual procedure,” Standard communicated on the club’s website on Friday evening.
“777 Partners is looking forward to taking on this new challenge and helping the club continue its development and return to its glory of yesteryear.” Standard has been on the loose for years and is currently thirteenth in the standings.
Bruno Venanzi thanks the supporters for “the unconditional support during his 7-year presidency” and will continue to be “supporter number one” in the future.
777 Partners is a 2015 Miami-based company that invests in six key industries: insurance, consumer & commercial finance, litigation finance, direct lending, sports, media & entertainment and aerospace.
In 2021, 777 Partners already acquired full ownership of Genoa FC, Italy’s oldest football club, and last month announced plans to acquire a 70 percent stake in Brazil’s Vasco da Gama. In addition, 777 Partners has a significant share within the Spanish Sevilla FC.
