According to multiple reports in Italy, American investment firm 777 Partners have formally bought a majority stake in Genoa for €150m.

Several rumours suggested Genoa President Enrico Preziosi was about to sell a majority stake in the club to the American firm and according to multiple reports in Italy, the two parties finalised the agreement this morning.

777 Partners is a Miami-based private investment firm that ‘invests across a number of high growth attractive verticals with a strong focus on financial services.’ They also own minority shares of La Liga side Sevilla.

A previous report from La Gazzetta dello Sport claimed Preziosi will remain at the club as a minority shareholder for three years and will continue to represent the club within the Lega Calcio and at an institutional level.

According to Calciomercato.com, 777 Partners have bought Genoa for €150m, including debt repayment.

Preziosi bought Genoa in 2003 after the club’s relegation to Serie C1. An official statement from the club is expected in the coming hours.

4 thought on “American investment firm buy Genoa for €150m”
  1. Reading some of the comments from Genoa fans on another site, this sale is being positively viewed. That aside, I’m skeptical about this company, would prefer an owner having a revenue stream at least partially based on commodities rather than “structured-credit, risk, analytics, complex commercial litigation and computer science”

  2. @Milan Fan A bit of both perhaps. Looking at Genoa‘s current market value, they were bought at a premium. Relative to Fiorentina‘s current market value, Commisso got the team on a discount. So we have a shrewd buyer in ’19 and seller in ’21

  3. @Milan Fan, well, the article states that the fee includes debt repayment. So a part of the 150mm figure is going directly to creditors and is not necessarily reflected in the “value” of the club.

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