777 Partners, potential Everton FC owner, faces fraud allegations in a lawsuit by Leadenhall Capital Partners and Leadenhall Life Insurance for borrowing against non-existent or promised assets involving Advantage Capital Holdings.
777 Partners, Everton FC's prospective new owner, is accused of fraud in a lawsuit filed by London-based asset management firms Leadenhall Capital Partners LLP and Leadenhall Life Insurance Linked Investments Fund PLC. The allegations claim 777 Partners borrowed against $350m of assets that either didn't exist or were promised to others, involving insurance firm Advantage Capital Holdings (A-Cap). The plaintiffs seek unspecified damages.
May 04, 2024
3 Articles