US private equity fund 777 Partners took a stake in Australian football club Melbourne Victory Wednesday, adding to its burgeoning network of teams across Europe and South America.

The two sides described the agreement as “one of the biggest investment deals into a single sports team in Australian history”, without providing financial details or the size of the stake.

Miami-based 777 already owns or has stakes in Italian Serie B side Genoa, Brazilian club Vasco da Gama, Standard Liege in Belgium and France’s team Red Star FC.

Click here for full story.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.