January 16 – US personal fairness fund Presidio Traders have accomplished their takeover of storied Italian membership Hellas Verona.
On Wednesday, the Serie A membership confirmed in an announcement that Presidio Traders acquired 100% of the shares, bringing to an finish the thirteen-year-long reign of Maurizio Setti, who will stay on board in a job as senior advisor.
Texas-based Presidio Traders are reported to have paid about €75 million with additional bonuses to be paid if the membership avoids relegation. The brand new house owners have already met with the mayor of Verona over the constructing of a brand new stadum that may see the membership play in a short lived stadium for a season.
“We’ve labored arduous these previous months to realize this milestone, and are excited to take our first steps on this historic metropolis, main a membership that’s an integral a part of Verona and its individuals,” stated Presidio Traders managing companion Christian Puscasiu.
Hellas gained the league title in 1985, however in recent times the membership has been struggling. Setti mirrored: “Wanting again on these 13 years as President of Hellas Verona, there are such a lot of recollections that fill me with satisfaction and emotion. From the primary promotion to Serie A in my debut season to final season’s survival, there have been numerous moments of pleasure tied to those colors. We achieved outcomes, each on and off the pitch, that originally appeared unimaginable.”
With the arrival of the Texas fairness agency, the footprint of US house owners within the Italian high flight turns into even larger. Hellas are the eighth membership beneath American possession after Presidio’s buyout. Inter and AC Milan, Atalanta, Fiorentina, Parma, Roma and Venezia are all beneath US possession. Canada’s Joey Saputo controls Bolgona.
The vast majority of Serie A golf equipment are actually foreign-backed. Not too long ago, Romanian businessman Dan Sucu acquired Genoa, however US insurer A-Cap, who supplied finance to failed 777 Companions, has legally challenged the sale in a bid to guard its funding.
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The post Serie A’s Hellas Verona completes sale to US personal fairness fund Presidio Traders first appeared on Foot & Soccer.
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Author : footsoccer
Publish date : 2025-01-16 15:02:57
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