20 December – Romanian businessman Dan Șucu takes control of storied Italian club Genoa, ending months of uncertainty under the ownership of 777 Partners.
On Wednesday, Genoa, Italy’s oldest club, announced that the Romanians had acquired a majority stake following a €40 million club capital increase for a 77% stake. Three years ago, Genoa was sold to 777 Partners, ending Enrico Preziosi’s ownership.
In a statement, the club said: “Genoa Cricket and Football Club announced that, following the resolution of a capital increase of €45,356,262, of which €5,356,262 is free and a further €40,000,000 was paid by the Board of Directors today on 14 December. Meeting and approval of the proposal presented by the Romanian entrepreneur Dan Șucu. The Romanian entrepreneur, through his own investment vehicle, fully subscribed to the capital increase, receiving in return a shareholding of approximately 77% of Genoa CFC, leaving the previous shareholders in the minority.”
Șucu also owns 90% of Romanian club Rapid Bucharest. The Italian club believes the new owner will bring stability to Liguria. The Romanian is the founder of Mobeexpert, Romania’s largest furniture brand and has investments in the real estate sector at home. He is also a stakeholder of Daily Ziarul Financier newspaper.
“The change of majority represents a new chapter for Italy’s oldest club, with the hope that Dan Șucu’s entry can bring economic stability and new investment to strengthen the team and infrastructure. Genoa thanks its fans for their continued support and looks to the future with confidence, Confident that this new phase will consolidate the status and satisfaction the club deserves,” a club statement said.
The news comes in the same week that Everton announced a takeover by the Friedkin Group. Miami-based 777 Partners also tried to acquire the Premier League club.
Genoa currently lies 14m Italian Serie A.
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