It’s official, the Miami-based investment company 777 Partners has bought 99.9 per cent of Italy’s oldest club Genoa Cricket and Football Club.
Reports emerged regarding the American investment firm’s completed deal with Enrico Preziosi of the Grifone takeover.
The Serie A club founded in 1893 has officially changed hands, as 777 Partners has acquired ownership of 99.9 per cent of the Rossoblu.
“The new owner group, which will acquire 99.9 per cent of Genoa’s share capital, will pay new capital into the club and will assume some related liabilities,” the statement on the club’s official website reads.
“777 Partners will use its expertise in sports, media and entertainment industries to help further commercialise the club’s operations.
“The previous owner, Enrico Preziosi, will remain on the board of directors, while CEO Alessandro Zarboni will continue to manage the day-to-day operations of the club.”
Founder and Managing Partner of 777 Partners Josh Wander revealed his pride after the takeover and stressed the new owners are aware of the ‘responsibility’ they are taking on in Liguria.
“We are deeply honoured to become part of a club with a history, heritage and tradition as great as Genoa,” Wander said.
“We understand and respect the responsibility we are inheriting, we want to preserve and protect the proud Rossoblu heritage by aiming for the best possible positions in Serie A.”
Outgoing owner Preziosi said ‘the time has come’ for a takeover, after years of speculation and negotiations regarding the future of the club.
“The time has come to pass the hand,” he said. “I had always said I would only leave Genoa to a new strong and reliable owner and I will leave it in the hands of 777 Partnes.
“I wish them, who will now lead the oldest club in Italy, all the best. I will always remain a Rossoblu fan.”
ULTIM’ORA SERIE A
UFFICIALE, IL GENOA CEDUTO AD UN FONDO AMERICANO
777 Partners acquisisce maggioranza del club ligure#SkySport #SerieA #Genoa— skysport (@SkySport) September 23, 2021
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