BRUSSELS (AP) — A Belgian court ruled Thursday 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 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 requested the move, saying 777 had defaulted on a payment. It comes after a period of legal and financial turmoil for the Miami-based investment company, which has also seen its airline in Australia grounded in recent weeks and faces a massive fraud lawsuit in New York.
Belgian media reported that the court authorized the seizure of all 777 Partners’s assets in the country, including Standard’s accounts and shares, as well as shares in Immobilière Standard de Liège, which owns the Maurice Dufrasne stadium. The court declined to comment when contacted by The Associated Press.
Man suspected of punching Boardwalk Empire star Steve Buscemi in random NYC attack
Elena Rybakina beats Marta Kostyuk 6
Race car in Sri Lanka veers off track killing 7 people and injuring 20, officials say
Earth Day: How to grocery shop to avoid 'pointless plastic'
Taylor Swift's new single Fortnight breaks record for Spotify's most streamed song in a single day
I auditioned for Britain's Got Talent ten years ago and it looks nothing like what you see on TV
Chinese foreign minister arrives in Cambodia, Beijing's closest Southeast Asian ally
Lao coffee growers feel pinch of worker shortage, high inflation — Radio Free Asia
California university president put on leave after announcing agreement with pro
Mutiso Munyao pulls away from 41