MILAN, Sept 23 — Italy’s oldest football team Genoa became the sixth Serie A side to come under American ownership today when Miami-based 777 Partners purchased the club from long-time owner Enrico Preziosi.
Foreign investors see an opportunity to grow revenues by bringing their management expertise into the world’s most popular sport, especially at a time when many clubs are struggling due to the pandemic and need an injection of funds. “We understand and respect the responsibility we are inheriting; we want to preserve and protect the proud legacy of the Rossoblu by aiming for the best possible placing in Serie A.”