777 Partners acquires ownership of Genoa Cricket and Football Club

Genoa Cricket and Football Club, Italy's oldest professional football team, has been fully acquired by 777 Partners, a Miami-based alternative investment business. Genoa C.F.C. (“Genoa”), a member of Italy's famous Serie A, was founded in 1893 and has won the Italian title nine times.

The new ownership group will buy 99.9% of Genoa's share capital, infuse new funds into the club, and assume certain associated liabilities. 777 Partners will apply its experience in the sports, media, and entertainment industries to assist the club in commercialising its operations. The Club’s previous owner, Enrico Preziosi, will remain on the Club’s Board of Directors, while CEO Alessandro Zarbano will continue to run the day-to-day operations of the Club.

“We are profoundly humbled to be a small part of the rich history, heritage and tradition of Genoa,” said Josh Wander, Founder and Managing Partner of 777 Partners. “We understand and respect the responsibility we are inheriting to preserve and protect the proud legacy of the Rossoblu, and we are committed as custodians of that legacy to help the club reclaim its place at the top of Serie A.”

“The time has come to pass the torch,” said Preziosi. “I have always said that I would leave Genoa only to a strong and reliable new owner, and I leave it in the hands of 777 Partners. To them, who will now lead the oldest club in Italy, I wish the best. I will always remain a Rossoblu fan.”





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