On Thursday, Italian football club Genoa CFC has been officially bought by an American firm in the name of 777 partners for a huge chunk of 150 million dollars. This also marks the end of the 18-year reign of Italian businessman Enrico Preziosi of service and ownership with the oldest club of Italian football. The Seria A outfit has changed hands by finalising a deal of $150 million. Enrico Preziosi will now continue as the board of directors, and also CEO Alessandro Zamboni will take steps of the day to day operations for the club. Fans of Genoa CFC were excited for a while, with the arrival of Preziosi as they finished 10 times in the top ten of the Seria A.
In the year 2015, they were also denied a place in the UEFA Europa League as they failed to obtain a UEFA license from the Italian football association after finish 6th in the Seria A league in Italy. American firm, 77 Partners founder Josh Wander in the press conference mentioned: “We understand and respect the responsibility and also want to preserve by aiming for the best possible positions in provided in Seria A”
777 Partners is an American investment firm that invests money across several attractive verticals with a strong focus on financial services. They also currently own a minor number of shares of Sevilla FC. Genoa CFC was purchased by Enrico Preziosi in the year 2003. It is also expected that Preziosi will remain as a minor shareholder and will be involved for the next three years.
Italian club Genoa CFC have made this news official by putting up it on social media platforms as they have been bought by American firm 777 Partners.
🇺🇸❤️💙 Il primo messaggio di #777Partners ai tifosi del Grifone.
✍️ Fate sentire tutto il calore del tifo Rossoblù! pic.twitter.com/tGRpZC1G6w
— Genoa CFC (@GenoaCFC) September 23, 2021
