Miami-based investment firm, 777 Partners has agreed to acquire a 70% stake in Brazilian football club, Vasco da Gama.
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777 Partners will pay $138 million for the stake. The company will also take on the club’s debts.
The team is now valued at $336 million and is expected to help Vasco da Gama regain its leading role in Brazilian and international football.
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There will be a confirmation period over the next 90 days before the deal is final.
For 777 Partners, the move is just the latest in a foray into global soccer.
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In September of 2021, the firm bought full ownership of Genoa C.F.C. for $175 million. It also has a significant stake in Sevilla FC.
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