Genoa Cricket and Football Club
777 Partners acquisition · 23 Sept 2021
- Buyer
- 777 Partners
- Seller
- Enrico Preziosi
- Stake acquired
- 99.9%
- Control
- Yes
- Reported consideration
- ~€150m
- Implied equity value
- —
- League
- Serie A
- Country
- Italy
- Confidence
- MEDIUM
777 Partners acquired 99.9% of Genoa Cricket and Football Club from Enrico Preziosi, announced 23 Sept 2021.
Reported consideration was ~€150m.
Nearest pre-acquisition revenue was ~€78m (FY 2020).
- Announced
- 23 Sept 2021
- Closed
- —
- Stake after transaction
- 99.9%
- Status
- completed
Reported consideration
What the buyer reportedly paid for the stake
Implied 100% equity value
Calculated: consideration ÷ stake acquired
Reported club valuation
Enterprise value
Only shown when debt/cash near the transaction date is established
Debt assumed / restructured
Primary capital injection
Total announced investment commitment
Commitments are not purchase price and not valuation
Nearest pre-acquisition financial year: 2020
Revenue
Wages
EBITDA
Net debt
Net income
777 Partners (Miami-based, founded by Josh Wander and Steven Pasko) acquired 99.9% of Genoa from long-time owner Enrico Preziosi on 23 September 2021, ending his 18-year tenure; Preziosi initially remained on the board. The widely-cited ~€150m figure is consistently described across Italian outlets as an all-in 'operation' value that includes assumed debt, not a clean equity purchase price — we record it as such and do not decompose it into equity/debt/injection components because sources conflict on the debt split (figures ranging roughly €75-110m appear across different outlets, none independently verified beyond the headline).
- TuttoMercatoWeb (archive) — "Il Genoa a 777 Partners. Operazione da 150 milioni di euro, debiti compresi" ↗Tier 4 · media
2021-09-23 · it — “Confirms 777 Partners acquired 99.9% of Genoa's capital from Enrico Preziosi on 23 September 2021, injecting new capital and assuming certain liabilities, in an operation valued at ~€150m including debts.”
- Il Post — "Il fondo statunitense 777 Partners ha acquistato le quote di maggioranza del Genoa" ↗Tier 3 · media
2021-09-23 · it — “Confirms majority/near-total ownership transfer on 23 Sept 2021 after Preziosi's 18-year tenure (since 2003); ~€150m price for the whole shareholding package including debts, explicitly framed as based on 'indiscrezioni' (rumors/reporting), not a disclosed figure; Preziosi remained on the board.”
- Primocanale — "Perdite, plusvalenze e diritti tv: ecco il bilancio del Genoa ai raggi X" ↗Tier 4 · media
2021-06-22 · it — “Genoa FY2020 (under Preziosi, pre-777): revenue ~€78m, net loss €32.8m, net debt ~€77m, total (gross) debts €256m as of 31 Dec 2020.”