Liverpool FC News: 777Partners COLLAPSE opens door to DREAM FSG deal

Liverpool had a number of sweeping administrative changes this summer.

Richard Hughes was swiped from Bournemouth to become the club's sporting director and Michael Edwards rejoined the Liverpool project as Fenway Sports Group's (FSG) CEO of football.

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However, convincing Edwards to come back to the club and leave the data consultancy firm Ludonautics was not straightforward. The club had to present him with an enticing vision and that included the prospect of FSG purchasing a 'feeder club' to create a multi-club model that could help Liverpool in the long term.

During the summer it was tipped that the club might acquire a majority stake in Brazilian football club Vasco da Gama, owned by 777Partners. In order to facilitate the move, Benfica's former technical director Pedro Marques was hired by FSG to become their director of football development.

However, an agreement couldn't be reached and FSG's multi-club model has been left reeling ever since. But now, in a new development at 777Partners, the club hierarchy's ambition may have been given a new lifeline.

777Partners lose Genoa from their conglomerate

As a private equity firm, 777Partners have ownership control of several football clubs.

Their portfolio included Genoa CFC, Standard Liege, Red Star FC, CR Vasco da Gama and Hertha BSC.

However, it has been reported today by Reuters that Romanian businessman Dan Sucu has acquired a majority stake in Genoa, signalling a change of ownership from 777Partners.

And now that the ball has started rolling, FSG will be hoping that their plan to take over Vasco da Gama might finally be back on track.

Michael Edwards has so far been hiding in the background at Liverpool, while Richard Hughes has notably been working on the contract negotiations of Mohamed Salah, Trent Alexander-Arnold and Virgil van Dijk.

But now that the opportunity has arisen, he may well get his wish to oversee another club, alongside Liverpool.

The ambition is to be able to have a direct link to the talented young players originating in South America, would would add a new dimension to Liverpool's personnel, and the club's standing in the world.

Manchester City's owners for example are already operating a multi-club model, which includes Girona, Palermo and New York City.

Funding such a move would be a challenge, given FSG's ambitious purchases for the Boston Red Sox, but it would fulfil the promise the club made to its new executives, and it would undoubtedly prove to be beneficial in the long run.

Taking another club from 777Partners' hands will be difficult, but the organisation is at its weakest state for a while so the opportunity looms brightly as one that FSG have to take.

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