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US firm to invest in Rio soccer club Vasco da Gama

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Vasco da Gama look set to become the latest Brazilian soccer club to be bought by outside investors on Monday when U.S. investment firm 777 Partners reached a deal to purchase a controlling stake, the Rio club said.Vasco said the two parties signed a memorandum of understanding that values the club at 1.7

Vasco da Gama look set to become the latest Brazilian soccer club to be bought by outside investors on Monday when U.S. investment firm 777 Partners reached a deal to purchase a controlling stake, the Rio club said.

Investors 777 Partners, who have already sunk money into Italian club Genoa and Spanish side Sevilla, did not respond to requests for comment. Vasco are the third major Brazilian club to welcome outside investors in recent weeks, following the sale of Cruzeiro to former Brazilian striker Ronaldo, and Botafogo to U.S. investor John Textor.

 

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