OFFICIAL COMMUNICATION | red star football club

060422at 16:44

official launch

Press release click here


Patrice Haddad initiates exclusive negotiations with 777 Partners, a candidate for the acquisition of 100% of the shares of Red Star FC.

These exclusive discussions take place with the desire to accelerate the development of the club and the realization of its sports project.

777 Partners was chosen by Patrice Haddad for the quality of its project, which is based in particular on an ambitious sports policy, respectful of the club’s identity and backed by adequate investments.

At the end of the consultation and approval procedures that will allow the transaction to be completed, Patrice Haddad will continue his commitment as Chairman of Red Star FC.

Patrice Haddad, Chairman of Red Star FC 1897:

“Given the new structure of the championships that is coming and the necessary means to continue with our development project, it was my duty to consider the interest shown in the club by the various external requests.

Finally it was with 777 Partners that I decided to deepen the discussions. His determination, his understanding of the uniqueness of the club and ensuring the provision of substantial resources made all the difference.

It is also a story of people and encounters and I am convinced that Josh Wander and his teams will sincerely uphold the values ​​of the club. »

Josh Wander, Founder and Managing Partner of 777 Partners:

“It is a real pleasure for 777 Partners to be part of the history of Red Star FC.

The club has a unique identity in the world of football and it is an honor to help build its future while respecting its traditions. As keeper of the club’s history, Patrice Haddad has done an outstanding job and we are delighted to be working alongside him to further develop the club.

777 Partners has gained solid experience in managing football clubs with a glorious past. We look forward to finalizing your acquisition and working hand in hand with all of our partners and supporters to put this experience at the service of all those who hold Red Star FC in their hearts. »

About 777 Partners

777 Partners is an American alternative investment firm based in Miami that invests in several attractive high-growth sectors. Founded in 2015, 777 Partners strategically invests in six main sectors: insurance; business and consumer financing; litigation financing; direct loans; sports, media and entertainment; and aeronautics. The company seeks to acquire and grow operating businesses that generate long-term, high-quality, predictable cash flows for its balance sheet while consolidating operations into similar businesses to generate efficiencies and economies of scale. 777 Partners invests at all stages of the business cycle and targets companies that add value to your existing portfolio.

In 2021, 777 Partners acquired full ownership of Genoa CFC, Italy’s oldest football club, and last month announced plans to acquire a 70% stake in Brazil’s Vasco da Gama and 100% in Standard de Liège SA . In addition, 777 Partners has a significant stake in Sevilla FC, one of the most prestigious and successful football clubs in Spain.

Beyond football, 777 Partners has quickly built a portfolio of world-class sports, media and entertainment assets, including within the English Basketball League and the London Lions team; Fanatiz, a streaming service that brings live sporting events to European and Hispanic audiences in more than 90 countries around the world; 1190 Sports, which offers world-class sports rights management and marketing; Atalanta Media, the first distribution, engagement and community platform dedicated to women’s football; and Uplay, a Canadian basketball service platform.

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Exclusive talks have been agreed to accelerate the development of the club and the achievement of its sporting objectives.

Patrice Haddad selected 777 Partners because their project presents ambitious sports development goals backed by adequate investment, while respecting the identity of the club.

Once the consultation and verification procedures necessary to carry out the transaction are completed, Patrice Haddad will continue his commitment as president of the club.

Patrice Haddad, Chairman of Red Star FC 1897:

Taking due account of the new structure of our championships and the financial means required to continue our development roadmap, entertaining investment talks was part of my responsibilities.

Ultimately, I chose to engage in more serious discussions with 777 Partners, as their determination, understanding of the uniqueness of the club, and commitment to making significant financial resources available were highlighted.

The human element also played an important role in achieving this partnership, as I am convinced that Josh Wander and his teams will be true to the values ​​of the club. »

Josh Wander, Founder and Managing Partner of 777 Partners:

“777 Partners is delighted to be a part of Red Star FC history.

Red Star FC has a unique identity and we are honored to promote its future development while embracing its past. Patrice Haddad has been an excellent custodian of the legacy of Red Star FC and we are excited to partner with him to continue his great work in building the club.

777 Partners has accumulated significant experience in managing football clubs with a strong heritage. We look forward to closing our acquisition and working with all partners and fans to leverage this experience for the benefit of the Red Star FC community. »

About 777 Partners

777 Partners is a Miami-based alternative investment firm that invests in a number of attractive, high-growth verticals. Founded in 2015 by Steve Pasko and Josh Wander, 777 Partners strategically invests in six broad industries: insurance; commercial and consumer financing; litigation financing; direct loans; sports, media and entertainment; and aviation. The firm seeks to acquire and build operating businesses that generate high-quality, long-term predictable cash flows for its ownership balance, while consolidating operations into similar businesses to create efficiencies and economies of scale. 777 Partners invests at all stages of the business cycle and focuses on companies that augment its existing portfolio.
In 2021, 777 Partners acquired full ownership of Genoa CFC, Italy’s oldest football club, and last month announced plans to acquire a 70% stake in Vasco da Gama in Brazil and a 100% stake in SA Standard. of Liège. In addition, 777 Partners owns a significant stake in Sevilla FC, one of the most prestigious and successful football clubs in Spain.
Beyond football, 777 Partners has rapidly built a world-class sports, media and entertainment portfolio, including the British Basketball League and the London Lions; Fanatiz, a streaming service that distributes live sports to European and Hispanic audiences in more than 90 countries around the world; 1190 Sports, which provides world-class management and marketing of sports rights; Atalanta Media, the first community, participation and distribution platform dedicated to women’s football; and Uplay, a Canadian platform for community services, academics and basketball.

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