Already a subscriber?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.
Overnight, 777 appointed B. Riley Financial’s restructuring practice to support its operations. The appointment, confirmed byThe appointment comes less than two weeks after Bonza, a low-cost carrier that counted 777 as its 89.5 per cent owner and financial backer, Bonza director Steve Pasko and his 777 co-founder Joshua Wander have both been asked to leave the private equity firm, sources said. Another said Adam Weiss, a 777-appointed Bonza director, had also left the firm.
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