Unione Calcio Sampdoria
Andrea Radrizzani (Aser Ventures) & Matteo Manfredi (Gestio Capital) acquisition · 30 May 2023
- Seller
- Massimo Ferrero (via Sport Spettacolo Holding)
- Stake acquired
- —
- Control
- Yes
- Reported consideration
- Undisclosed
- Implied equity value
- —
- League
- Serie B
- Country
- Italy
- Confidence
- LOW
Andrea Radrizzani (Aser Ventures) & Matteo Manfredi (Gestio Capital) took control of Unione Calcio Sampdoria from Massimo Ferrero (via Sport Spettacolo Holding) through a rescue recapitalization, announced 30 May 2023, closing 31 May 2023.
The purchase consideration was not disclosed. ~€210m of debt was assumed or restructured. ~€35m of new capital went into the club. A further ~€200m was announced as an investment commitment.
Nearest pre-acquisition revenue was €76.3m (FY 2021).
- Announced
- 30 May 2023
- Closed
- 31 May 2023
- Stake after transaction
- —
- 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: 2021
Revenue
Wages
EBITDA
Net debt
Net income
This is exactly the kind of 'headline ≠ price' case the brief flags. In May 2023, Andrea Radrizzani (Aser Ventures, then also Leeds United owner) and Matteo Manfredi (Gestio Capital) took control of Sampdoria from Massimo Ferrero (who had been arrested in December 2022 and whose stake was held via Sport Spettacolo Holding under a court-appointed trust) in a rescue that averted bankruptcy and a forced drop to Serie D.
- Il Post — "Gli investitori Matteo Manfredi e Andrea Radrizzani hanno acquistato la Sampdoria" ↗Tier 3 · media
2023-05-31 · it — “Confirms Manfredi (Gestio Capital) and Radrizzani (Aser/Leeds owner) acquired Sampdoria from Massimo Ferrero's ownership, finalized the evening of 30 May 2023 after a shareholders' assembly, averting bankruptcy; Ferrero had been arrested for financial crimes in Dec 2022 and the club was managed by a trust pending sale.”
2023-05-27 · it — “Describes a ~€100m proposal structure: €35m capital injection to stabilize the club, €30-35m for partial bank debt repayment (total debts >€100m), and €30m offered to Ferrero personally toward his own debts; shareholder assembly ratification targeted 29 May 2023; salary arrears (>€10m) needed clearing by 30 May to avoid a points penalty.”
2023 · it — “Search-snippet only (not independently fetched/verified this session): FY2021 revenue €76.3m (vs €75.7m FY2020); net financial debt >€90m at FY2022; total liabilities €210m at FY2022; net income trajectory from +€12m (2018) to -€13m (2019), -€14.3m (2020), -€24m (2021), est. -€25m (2022).”
- Calciomercato.com — "Sampdoria, salvataggio da quasi 200 milioni per Manfredi e Radrizzani" ↗Tier 5 · media
2023 · it — “Reports a ~€200m total rescue package: ~€90m debt restructuring, €40m capital increase (via convertible bond structured through Banca Sistema), €26.5m settlement of prior agreements, and €35-40m of future investment commitments.”