Complex sentence: Having acquired enough money, the Piranha Brothers formed a gang which they called "The Gang" and proceeded to take over night clubs, billiard halls, gaming casinos and race tracks, failing only to acquire the MCC.
Split into simpler sentences: Having acquired enough money, the Piranha Brothers formed a gang which they called "The Gang". They proceeded to take over night clubs, billiard halls, gaming casinos and race tracks, failing only to acquire the MCC.