PE firm behind Bonza, Melbourne Victory calls in insolvency experts
The private equity backers of Bonza and the Melbourne Victory A-League team have called in a restructuring firm to provide advice on “operational challenges” at the same time as its co-founders have been forced out.
Miami’s 777 Partners had grown rapidly, buying stakes in European soccer teams and in airlines including Bonza, which called in administrators late last month, and Flair, a budget carrier based in Canada.
A previous version of this story incorrectly stated Mr Pasko, Mr Wander and Mr Weiss were asked to leave, or were leaving, the private equity firm. A spokesman for 777 Partners said this was untrue.
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