By Anna Italia
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Italian Soccer Serie A
Genoa CFC are now under American ownership after 777 Partners bought 99.9% of the club from former owner Enrico Preziosi. The Miami-based investment company acquired Italy’s oldest soccer club which founded in 1893 as Genoa Cricket and Football Club. The announcement appearing on Genoa official website on Thursday 23 September 2021.
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777 Partners, a Miami-based alternative investment company, has acquired ownership of Genoa Cricket and Football Club, Italy’s oldest club. Genoa C.F.C. (“Genoa”), which plays in the prestigious Italian Serie A founded in 1893 and has won the Italian league nine times.
The new owner group, which will acquire 99.9% of Genoa’s share capital, will pay new capital into the club and will assume some related liabilities. 777 Partners will use its expertise in the sports, media and entertainment industries to help further commercialize the club’s operations. The previous owner, Enrico Preziosi, will remain on the board of directors, while CEO Alessandro Zarbano will continue to manage the day to day operations of the club.
“We are deeply honored to become part of a club with a history, heritage and tradition as great as Genoa,” said Josh Wander, founder and Managing Partner of 777 Partners. “We understand and respect the responsibility we are inheriting, we want to preserve and protect the proud legacy of the Rossoblus by aiming for the best possible placings in Serie A.”
Photo via twitter.com/GenoaCFC
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The first message from #777Partners to Genoa fans https://t.co/FrPho8eI4f
— Anna Italia (@ItalianSerieA) September 23, 2021
🇺🇸 7️⃣7️⃣7️⃣ 🇺🇸 pic.twitter.com/vRnieEGKYt
— Genoa CFC (@GenoaCFC) September 23, 2021
Genoa adding to the growing teams owned by North American owners.
Photo via twitter.com/CBSSportsGolazo