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

(Image:Twitter/@GenoaCFC)

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

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 specialised 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.

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.

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

REUTERS/Writing by Brian Homewood Editing by Amlan Chakraborty

< PREVIOUS ARTICLE
Bulgaria name former midfielder Balakov as coach
NEXT ARTICLE >
Struggling Hebei announce Coleman departure
RELATED POSTS
Quakes looking for first road win at Toronto
Celtic win historic treble-treble with Scottish Cup win
Sinclair to lead Canada in her fifth World Cup
Metanire’s first MLS goal lifts Minnesota over Houston
Rapids pull out win over Crew
Whitecaps end winless streak by beating FC Dallas

Leave a Reply