777 Partners-owned Vasco de Gama issued with transfer ban after failure to pay for players

September 29 – Brazilian club Vasco de Gama has been hit by a FIFA transfer ban for being late in the payment of transfer fees to various clubs. 

A part of the 777 Partners network, the Rio club is behind in paying fees to Lille, Nacional and Atletico Tucuman over the transfers of Léo Jardim, Puma Rodríguez and Manuel Capasso respectively.

FIFA has set Vasco a deadline for payment after the three clubs had taken legal action, according to Brazilian media.

The transfer ban prevents Vasco from registering new players, but as the registration period for the Brazilian Championship has already passed, Vasco will no longer be able to sign and regularize anyone. Vasco has also not yet paid off the transfer fees of a number of other Brazilian players in full.

FIFA said in a statement: “The club Vasco de Gama is currently prevented from registering new players due to an outstanding debt. The relevant ban will be lifted immediately upon the settlement of the debt being confirmed by the creditor concerned.”

Founded in 2015, 777 Partners is a Miami-based investment firm with a presence in various investment business sectors. In football the company acquired Italy’s Genoa, Belgium’s Standard Liege and has stakes in Spain’s Sevilla and Germany’s Hertha Berlin.

Earlier this month 777 agreed a deal to buy English football club Everton for an undisclosed sum, ending the reign of British-Iranian businessman Farhad Moshiri. The deal is however subject to the Premier League’s owners test as well as scrutiny from England’s Football Association and the UK’s Financial Conduct Authority.

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