President Enrico Preziosi confirmed this evening that the Genoa sale to the SRI Group and Giulio Gallazzi has fallen through.
Due diligence was completed and Preziosi demanded €120m to sell the oldest club in Italian football, but SRI were reportedly wary over substantial debts.
Preziosi spoke to Primocanale on Thursday night and revealed the negotiations were never as advanced as previously thought.
“I don’t know what happened on their end, but I do know that at a certain point we believed it could go through,” said Preziosi.
Watch Serie A live in the UK on Premier Sports for just £11.99 per month including live LaLiga, Eredivisie, Scottish Cup Football and more. Visit: https://subscribe.premiersports.tv/