NEWS
Wednesday May 27 2020
Livorno: 'Fear takeover is scrapped'

Serie B side Livorno risk bankruptcy, as President Aldo Spinelli admits the takeover has collapsed because Majd Yousif was allegedly arrested.

The Dutch impresario was on the verge of completing the takeover when his offices in the Netherlands were raided.

According to De Telegraaf, Yousif was arrested as part of a probe into the sale of luxury vehicles, which could’ve been a front for drug trafficking.

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NEWS
Tuesday May 26 2020
Spinelli 'worried' after Livorno buyer raided

Livorno President Aldo Spinelli admits to being ‘worried’ after Majd Yousif, who is in takeover talks, saw his Dutch offices raided by police.

Serie B side Livorno have been in financial trouble for some time and it’s reported failure to complete the sale could see them go bankrupt this summer.

It is therefore a concern that Dutch police raided the offices of Yousif in Amsterdam, seeking information on an alleged illegal transfer of luxury vehicles.

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NEWS
Wednesday May 6 2020
Livorno to close their doors?

Livorno will cease to exist on June 30 if their planned takeover does not go through, President Aldo Spinelli has warned.

Spinelli sold Livorno to Dutch businessman Majd Yousif on February 6, which appeared to mark the end of his two-decade-long tenure as the club’s owner.

However, the deal coincided with the outbreak of coronavirus in Italy and the 80-year-old claims he has not heard from Yousif since.

“I haven’t heard anything from Yousif,” he told Corriere dello Sport.

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NEWS
Thursday February 6 2020
Spinelli era over in Livorno

Aldo Spinelli has sold Livorno to the Dutch entrepreneur Majd Yousif and ended a 21-year long adventure as patron for the Serie B side.

The Livorno owner reportedly met Yousif, the President of Sharengo Free Mobility, in Genoa and agreed on a sale of the Amaranto.

Calcio e Finanza reports that their respective lawyers will carry out all the legal procedures and formalise the agreement.

Sharengo Free Mobility produces electric minicars and are strongly connected to the Chinese group Geely Motor, the owner of the Volvo brand.

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NEWS
Wednesday February 5 2020
Serie B: Spinelli to sell Livorno

President Aldo Spinelli is on the verge of selling Livorno after 21 years, with the Serie B club going to businessman Majd Yousif.

A preliminary contract has been signed and the takeover should be completed over the next few days.

Spinelli turned 80 last month and is therefore preparing his retirement after two decades in charge of the Tuscan side.

Livorno have fallen on hard times, as they are currently in the Serie B relegation zone.

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