The 2019/2020 Serie A football season is over and summer sales have officially begun, with several clubs for a purchase.
Just two weeks ago, American businessman Dan Friedkin took over AS Roma for $700 million from James Pallotta, Friedkin’s compatriot and board member of the Boston Celtics of the NBA.
But AS Roma seems to be the first in a long list of Italian football clubs about to become an owner.
According to various monetary media familiar with the subject, six more clubs are for a new owner in Serie A, the main Italian football league.
Over the next month, Parma, Genoa CFC, UC Sampdoria, Sassuolo, Hellas Verona FC and Torino FC have been in talks with buyers, reports Il Sole 24 Ore.
The paper also explains how the COVID-19 pandemic paved the way for investors, mergers and acquisitions.
The three-month suspension of the coronavirus has been a relief in the revenue and operating losses in European football, and Serie A is no exception.
Therefore, the existing is the ideal breeding floor for investors who trade for a low price.
CFC Genoa
CFC Genoa of Enrico Preziosi, the last club to get a buying offer.
According to Il Secolo XIX, last week Preziosi rejected a $35 million acquisition proposal from an investor organization Andrea Radrizzani, president of Leeds United, newly promoted to the English Premier League.
“It’s a ridiculous offer,” Preziosi told Telenord. “I challenge them to publish the main points so that everyone can see and realize how ridiculous it is.”
However, CFC Genoa sails in rough waters. The club has moved away from relegation on the final day of the attack of the last two consecutive seasons.
Unfortunately, the poor effects go hand in hand with monetary effects. Last July, the club secured an $8.5 million loan from two banks to pay the canopy’s wages and operating losses.
Meanwhile, Moroccan investor Rahhal Boulgoute is also preparing a proposal to buy the equipment, reports the financing of Football Calcio and Finanza.
American Sampdoria
CFC Genoa is the only component of the city that is about to replace the property.
The US president of The Sampdoria, Massimo Ferrero, has started complex negotiations with an investor organization led by former Sampdoria player Gianluca Vialli.
The legend of the club was financially supported by American hedge fund manager Jamie Dinan and Pamplona Capital Management founder Alex Knaster.
However, the deal eventually failed because the “Calcioinvest” consortium was not offering the $120 million requested through Ferrero, failing at $100.
FC Torino
This is a scenario of what is being experienced lately through FC Torino, with a president stubbornly not giving in until he gets the sale price.
On July 29, a local investor organization called “Console and Partners” announced in a press that it had officially submitted a public takeover bid to buy Torino from The Cairo’s Urban President.
“There are entrepreneurs and there is capital in this project. We need Torino to return to The Granata Fans,” Console and Partners representatives said.
However, Cairo is not intended to listen to an offer of be and told Sky Sports Italia: “I will meet anyone. I repeat that the club is for sale.”
Parma
Another aspect in a condition of replacing the hands turns out to be the Parma.
According to La Gazzetta dello Sport, Qatari investor Hisham Al Hamad Al Mana will get a 51% stake for $75 million.
The agreement provides for the acquisition of one hundred percent of the company’s shares within five years, while existing control will continue to occupy key positions in the club following a small reorganization of the board of directors, All Asian Football reports.
The Al Mana Group belongs to one of Qatar’s richest families. Al Mana is Nissan, Infiniti and Renault’s exclusive investment distributor in Qatar in the luxury and fashion sector.
Hellas Verona FC and Sassuolo
Eventually, Hellas Verona FC and Sassuolo were connected to imaginable acquisition negotiations.
According to the monetary newspaper Milano-Finanza, Sassuolo would possibly be in favor of a move after the death of owner Giorgio Squinzi last October.
The former president has taken Sassuolo out of the fourth position in Serie A, but his heirs are assessing whether to continue or continue his father’s legacy.
The opposite scenario of FC Hellas Verona, where President Maurizio Setti has already made it clear that it may be only for a possible offer.
“If Verona needs to do more than me, I’m ready,” he said last summer in an interview with L’Arena, when asked about possible negotiations on an acquisition.
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