Connect with us

Italy’s oldest club, Genoa CFC, to be put up for sale


Italy’s oldest club, Genoa CFC, to be put up for sale

Italy’s oldest professional football club, Genoa, will be put up for sale, the Serie A outfit said in a statement on Wednesday.

Founded in 1893, the club has been owned by Enrico Preziosi, head of Italy’s largest toy manufacturer, for the last 16 years.

“Genoa Cricket and Football Club announces that a mandate had been given to Assietta S.p.A., a financial advisory firm specialized in corporate finance, as advisor for the sale of the company,” said the statement.

The announcement came with Genoa one point and one place above the Serie A relegation zone with two matches to play.

MORE READING!  AFCON 2019: Buhari assures Super Eagles of better welfare

Preziosi took over in 2003 with the club in Serie B, saw them promoted four years later and has since established them as a top-flight club.

However, it has been far from plain sailing and he has employed 14 coaches during his time in charge, some of them on several occasions.

MORE READING!  Lagos Int’l Badminton Classics: Teslim Balogun Stadium wears new look ahead competition

He has been trying to sell the club for several years amid poor results which have sparked protests by fans.


Click to comment

More in Sports

To Top