Pisa Sporting Club
Alexander Knaster acquisition · 20 Jan 2021
- Buyer
- Alexander Knaster
- Seller
- Ricci and Paletti families
- Stake acquired
- 75%
- Control
- Yes
- Reported consideration
- ~€12m
- Implied equity value
- €16m
- League
- Serie B
- Country
- Italy
- Confidence
- MEDIUM
Alexander Knaster acquired a 75% majority stake in Pisa Sporting Club from Ricci and Paletti families, announced 20 Jan 2021.
Reported consideration was ~€12m. That implies a 100% equity value of €16m (calculated by us).
Nearest pre-acquisition revenue was €13.7m (FY 2019/20 (FY ending 30 June 2020)), an equity value / revenue multiple of 1.17x.
- Announced
- 20 Jan 2021
- Closed
- —
- Stake after transaction
- 75%
- 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: 2019/20 (FY ending 30 June 2020)
Revenue
Wages
EBITDA
Net debt
Net income
Multiple independently-verified Italian sources confirm Alexander Knaster acquired a 75% controlling stake in Pisa Sporting Club on 20 January 2021 from the Ricci and Paletti families, with the Corrado family (via Ma.Gi.Co s.r.l.) retaining 25% and continuing to run day-to-day operations under president Giuseppe Corrado. Note this differs from the staged '~45% Feb 2021 then ~75% by summer 2021' structure suggested in the research brief: no evidence of an earlier, smaller Feb 2021 tranche was found in any source searched (Italian sports press, Il Sole 24 Ore, PisaToday, Wikipedia); every source describes a single-step 75% transfer completed in January 2021.
2021-01-20 · it — “Alexander Knaster acquired 75% of Pisa Sporting Club on 20 January 2021 from the Ricci and Paletti families; the Corrado family (Ma.Gi.Co s.r.l.) retained the remaining 25% 'as a symbol of continuity.' No price disclosed.”
2021-01-21 · it — “"Le cifre dell'operazione non sono state rese note, ma l'investimento di Knaster per rilevare il pacchetto di maggioranza del Pisa dovrebbe aggirarsi sui 12 milioni di euro." Confirms Tifosy crowdfunding platform brokered the deal and that Knaster/Jamie Dinan had previously tried and failed to buy Sampdoria in 2020.”
- La Nazione (Pisa) — Pisa, i conti tornano: bilancio in attivo. Aumentano le spese, schizzano le entrate ↗Tier 3 · local media
2021-01-17 · it — “'Ieri infatti è stato reso noto l'ultimo bilancio di esercizio al 30 giugno 2020, approvato dopo l'assemblea dei soci del 14 dicembre scorso ... la società è riuscita a produrre un utile di 304.258 euro ... il valore della produzione è aumentato, dai 5.845.569 euro del bilancio precedente, fino alla cifra di 13.719.569 euro ... i costi di produzione ... 13.245.820 del 2020 ... gli stipendi ... 6.308.880 del 2020 (serie B)'”
- La Nazione — Il bilancio del Pisa. Cariche confermate. Knaster versa 22 milioni in conto capitale ↗Tier 3 · local media
2023-12-27 · it — “'A partire dal patron Knaster con il 75% delle quote, passando per la famiglia Corrado e il suo 25% ... soprattutto Knaster, ha rinunciato ai finanziamenti erogati, versando in conto capitale 22.584.730 euro'”
- Sesta Porta — Il bilancio del Pisa: 35 milioni di rosso, ma i soci hanno ripianato ↗Tier 3 · local media
2025-12-29 · it — “'la società abbia chiuso l'esercizio al 30 giugno 2025 con una perdita di 34,9 milioni di euro ... A copertura perdite infatti sono stati versati 36 milioni e 300 mila euro'”