Over the past decade or so, American businesses have increasingly gotten more involved in Serie A, with ownership of Italian top flight clubs now changing drastically.
As of the 2021/22 season, there are now six clubs under American ownership: AC Milan, Fiorentina, Spezia, Roma, Venezia, and most recently, Genoa.
According to reports, Genoa, who were founded in 1893 and are thus Italy’s oldest still running club, have now joined this group. 777 Partners, a Miami-based private investment firm recently completed their acquisition of the Grifone for an estimated $175.80 million(€150 million) from owner Enrico Preziosi. This deal, which sees 777 Partners acquire a majority stake in the company, will help inject some much-needed fresh capital into the struggling club, who lost about €33 million last year due to the COVID-19 crisis.
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