NEWS
Saturday September 5 2015
Genoa sold to Americans?

There are reports an American fund is in advanced negotiations to buy Genoa from Enrico Preziosi.

According to Tuttomercatoweb, the situation has already reached the stage of due diligence.

This is when the buyers inspect the books.

Talks have been going for some time and over the last few days representatives of the American investors were reportedly spotted at the Genoa HQ.

Preziosi has been in charge of Genoa since July 2003, when he took the club that had just been relegated into Serie C1.

They were immediately bumped back up to Serie B due to legal wrangling from Catania that expanded the division to 24 teams.

The Grifone won promotion by finishing top of the Serie B table in 2004-05, however they were then demoted to Serie C1 that summer due to match-fixing.

Preziosi was banned until 2010, but continued to run the club and invest heavily to get them back into Serie A after a 12-year hiatus.

In recent years Genoa have been mid-table and even finished sixth last season, but missed out on Europa League qualification because Preziosi did not fill out the paperwork for a UEFA licence correctly. 

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