777 Partners, a Miami-based alternative investment firm, has acquired full ownership of Genoa Cricket and Football Club, Italy’s oldest professional football team. Genoa C.F.C. (“Genoa”), which plays in Italy’s prestigious Serie A, was established in 1893 and has won the Italian championship nine times.
The North American group has a stake of more than 7% in the capital stock of Sevilla, since its company Sevillistas Unidos 2020, called the Americans, were made with a package in 2018 invited by the current board of directors, which is now facing them.
“The operation for the sale of Genoa CFC was closed on Monday. The 777 Partners fund is the new owner of the oldest club in Italy. Professor Alberto Zangrillo joined the board of directors and is the new president,” the Genoese club officially stated.
777 Partners acquired 99.9% of Genoa’s shares, according to data added by local media, and ended the ownership of businessman Enrico Prezioni, who had saved the club from bankruptcy in 2003 and who had signed players like the Argentine Diego Milito or the Brazilian Italian Thiago Motta.
Zangrillo, director of the San Raffaele hospital in Milan, became the 46th president in the history of Genoa.
Preziosi, despite losing ownership of the club, continues to serve on the team’s board of directors.
Genoa is currently coached by Ukrainian Andry Shevchenko, former Milan or Chelsea player.