When you click the football icon to start a new game a "choose database" box should appear.
The first line says database and then the version number.
There should be a little white arrow head at the end of the first line. If you click it a list of available databases should appear. Then you pick from the list.
Thats how it should work. If not check if it is installed in the correct place by going into:
C/sports interasctive/fm07/data/db
You should have a folder for each patch you have installed.Named 700 , 701, 702.
If they are all there look inside the folder for a xml file. if your folder was called 702 the xml should be called 702.xml if your folder was called Barry the xml file should be called Barry
On the preferences screen before you start a new game you can tick use wizard when starting new game.(some think this makes a difference)
If all of this does not work try uninstalling. Then reinstall and do 701 and 702 patches again.
Hope this helps. I have not had a problem with the patches myself, but these are the things i would Try if i did.