News Formal

US investment firm buys Italian football club Genoa

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Genoa announced on Thursday they have been bought by American private equity fund 777 Partners for a reported 150 million euros ($175 million) as Italian businessman Enrico Preziosi ends his 18-year ownership of Italy's oldest football club.

Genoa announced on Thursday they have been bought by American private equity fund 777 Partners for a reported 150 million euros as Italian businessman Enrico Preziosi ends his 18-year ownership of Italy’s oldest football club.

“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,” it added. Genoa fans have had little to cheer about since Preziosi’s arrival though, winning no trophies and only finishing in the top 10 once in the past 10 seasons.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Enugu joins US-Nigeria Investment Summit 2021 in New YorkThe Enugu State government has disclosed that it participated in the United States-Nigeria Investment Summit (USNIIS) 2021 in New York
Source: GuardianNigeria - 🏆 1. / 94 Read more »