Sports10/17/2025•The Guardian
US businessman tied to global football empire indicted in $500m fraud case
The article discusses the indictment of Josh Wander, an American businessman and co-founder of 777 Partners, in a $500 million fraud case. 777 Partners held stakes in several European soccer clubs, including Hertha Berlin, Genoa, Standard Liege, and Vasco da Gama, which struggled under the firm's ownership. The case has renewed scrutiny of the multi-club ownership model, where a single entity controls multiple teams across different leagues and countries. The indictment alleges that Wander defrauded investors, highlighting the potential risks and controversies associated with this business model in the global football industry.
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