Prospective Everton buyer faces new troubles on two fronts
The reinsurer has been tied with troubles relating to a credit agency and slapped with a fraud lawsuit
Source: insurancebusinessmag.com
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Everton FC Buyer Accused of Fraud, Double-Pledging Assets in Lawsuit
Lenders to 777 Partners accused it of fraud, claiming that the Miami-based investment firm borrowed against $350 million of assets that it didn’t own, didn’t exist or were already promised to someone else.
Source: livemint.com
Investor's Lawsuit Accuses 777 Partners of $600 Million Fraud
In a suit filed in federal court in New York, a firm that provided hundreds of millions of dollars to 777 accused the company of double-pledging its collateral to other investors.
Source: nytimes.com
Fleet issues prove to be too much of a hurdle for troubled Bonza
Australian airline Bonza enters voluntary administration due to struggles in securing aircraft and network cutbacks, with its future viability under discussion.
Source: centreforaviation.com
Everton search for investment to complete 777 deal
Everton are searching for third-party investment in order to push through a protracted takeover by 777 Partners.
Source: yahoo.com