New Delhi: Italy’s oldest football club, Genoa, announced a change of ownership after Romanian businessman Dan Sucu acquired the majority stake. The Serie A club were looking for new buyers after they parted ways with previous owners 777 Partners as they went bankrupt in October following which the High Court in London ordered the dissolution of the deal.
On Wednesday, Genoa officially confirmed that Sucu has completed the takeover of the club and has secured a 77% stake following a €40 million capital investment. This significant investment aims to provide much-needed financial stability after a period of uncertainty under the previous management of Miami-based 777 Partners.
An official statement released by Girona reads “Genoa Cricket and Football Club announce that following the resolution of a capital increase amounting to €45,356,262—of which €5,356,262 is a free increase and €40,000,000 is a paid increase, passed on December 14—the Board of Directors convened today and approved the offer presented by Romanian entrepreneur Dan Sucu.”
Who is Genoa’s new owner?
Dan Sucu is a 61-year-old Romanian businessman with a track record of success across various industries. Șucu is the founder of Mobexpert, Romania’s largest furniture brand. In addition to that he also has significant investments in real estate and media including a prominent role in Romania’s leading economic newspaper.
Șucu is no stranger to football he already owns 90% stake in Romanian top-tier club Rapid Bucharest. Under his stewardship, the club has seen investments in modern infrastructure and a thriving youth academy that nurtures around 700 young athletes. A passionate supporter of sports, Șucu views football as a platform for fostering inclusion, youth development, and social impact.
With his extensive business experience and dedication to advancing football, Genoa’s new owner is expected to bring a revitalized vision and stability to the club.
📝 Dan Sucu: “È un onore e una grande responsabilità diventare azionista di riferimento del Genoa CFC. Gestire una società di calcio vuol dire non limitarsi soltanto agli aspetti legati al business. È un’attività che necessita di una passione genuina per questo sport e di un… pic.twitter.com/g8OnCpkz14
— Genoa CFC (@GenoaCFC) December 18, 2024
What does it mean for Genoa?
Genoa was founded in 1893 and has a rich history with its last Italian league title secured in 1924. The club has undergone a series of ownership changes in recent years transitioning from Enrico Preziosi’s 18-year tenure to 777 Partners three years ago.
The acquisition by Sucu marks a new chapter for the club, with hopes that his leadership will drive increased investment in the squad and infrastructure. Genoa is optimistic about achieving greater stability and a more prosperous future under its new owner.
What next?
Genoa remains unbeaten in Serie A since the appointment of Patrick Vieira as their manager following November’s international break. Under the French coach’s guidance, the team has secured one victory and three draws including an impressive away result against Milan last weekend. They currently sit 13th in the standings and are set to face Empoli on December 28.
Genoa’s ownership changes as Romanian businessman Dan Șucu takes over, promising stability and growth while Patrick Vieira leads the team in Serie A. Football Sports News: Latest Cricket News, Cricket Live Score, Sports Breaking News from Sports Today
