More trouble in Belgium for Miami-based 777 Partners after court authorizes seizure of assets

A Belgian court has ruled that all assets in the country belonging to American investment group 777 Partners can be seized, in the latest legal setback for the embattled company that owns Standard de Liège and several other soccer clubs. The decision by a court in Liege came after Standard’s former owner Bruno Venanzi and shareholders of the company holding the club’s stadium said 777 had defaulted on a payment. It comes after a period of legal and financial turmoil for the American investment company, which has also seen its airline in Australia grounded in recent weeks and faces a massive fraud lawsuit in New York.