Genoa, the oldest club in Italian soccer, has been acquired by American investment firm 777 Partners, following long-time owner Enrico Preziosi’s decision to depart from the club. Genoa is now the sixth Serie A team to be acquired by U.S. owners, following in the footsteps of AC Milan, Fiorentina, Spezia, AS Roma, and Venezia.

In a joint statement, it was confirmed that the Miami-based 777 Partners would be purchasing 99.9% of the club’s capital, in addition to assuming certain liabilities and debts and also injecting new funds into the organization. According to Reuters, the deal values the club at €150 million ($175.80 million) including debt.

Josh Wander, founder and managing partner of 777 Partners, expressed his delight following the closing of the deal: “We understand and respect the responsibility we are inheriting; we want to preserve and protect the proud legacy of the Rossoblu by aiming for the best possible placing in Serie A.”

This deal is not the first excursion that 777 Partners has taken into the world of football. The Miami investment firm also owns a stake in the Spanish La Liga club Sevilla.

The post Oldest Serie A Team Purchased By U.S. Investment Firm appeared first on SportzBonanza.

Cristiano Ronaldo scored a controversial penalty in stoppage time on Wednesday night in Turin to propel his team to a 2-1 win over Genoa, putting them in first place in Serie A.

Juventus found themselves deadlocked with a rival that they were heavily favored to beat after Genoa’s Christian Kouame scored a 40th minute goal just four minutes after Leonardo Bonucci opened the scoring in the match.

Almost unbelievably, the Old Lady was unable to score for much of the second half after two Genoa players were shown red cards and forced to leave the game.

Francesco Cassata was sent off in the 51st minute, and then Federico Marchetti went to the showers only six minutes later. Despite holding a two-man advantage, Juventus didn’t score and saw Adrien Rabiot sent off for their own team just before stoppage time.

However, in the final minute of the match, Cristiano Ronaldo was awarded a controversial penalty after being fouled by Antonio Sanabria in the box. In replays, it appeared that the Portuguese superstar embellished contact and probably didn’t deserve to be given the penalty.

The penalty was awarded, though, and Ronaldo fired a shot past keeper Andrei Radu to give Juve a 2-1 win, putting them in first place in Italy’s domestic league.

The post Ronaldo Scores Controversial Penalty to Beat Genoa in Stoppage Time appeared first on SportzBonanza.

Genoa, the oldest club in Italian soccer, has been acquired by American investment firm 777 Partners, following long-time owner Enrico Preziosi’s decision to depart from the club. Genoa is now the sixth Serie A team to be acquired by U.S. owners, following in the footsteps of AC Milan, Fiorentina, Spezia, AS Roma, and Venezia.

In a joint statement, it was confirmed that the Miami-based 777 Partners would be purchasing 99.9% of the club’s capital, in addition to assuming certain liabilities and debts and also injecting new funds into the organization. According to Reuters, the deal values the club at €150 million ($175.80 million) including debt.

Josh Wander, founder and managing partner of 777 Partners, expressed his delight following the closing of the deal: “We understand and respect the responsibility we are inheriting; we want to preserve and protect the proud legacy of the Rossoblu by aiming for the best possible placing in Serie A.”

This deal is not the first excursion that 777 Partners has taken into the world of football. The Miami investment firm also owns a stake in the Spanish La Liga club Sevilla.

The post Oldest Serie A Team Purchased By U.S. Investment Firm appeared first on SportzBonanza.

Cristiano Ronaldo scored a controversial penalty in stoppage time on Wednesday night in Turin to propel his team to a 2-1 win over Genoa, putting them in first place in Serie A.

Juventus found themselves deadlocked with a rival that they were heavily favored to beat after Genoa’s Christian Kouame scored a 40th minute goal just four minutes after Leonardo Bonucci opened the scoring in the match.

Almost unbelievably, the Old Lady was unable to score for much of the second half after two Genoa players were shown red cards and forced to leave the game.

Francesco Cassata was sent off in the 51st minute, and then Federico Marchetti went to the showers only six minutes later. Despite holding a two-man advantage, Juventus didn’t score and saw Adrien Rabiot sent off for their own team just before stoppage time.

However, in the final minute of the match, Cristiano Ronaldo was awarded a controversial penalty after being fouled by Antonio Sanabria in the box. In replays, it appeared that the Portuguese superstar embellished contact and probably didn’t deserve to be given the penalty.

The penalty was awarded, though, and Ronaldo fired a shot past keeper Andrei Radu to give Juve a 2-1 win, putting them in first place in Italy’s domestic league.

The post Ronaldo Scores Controversial Penalty to Beat Genoa in Stoppage Time appeared first on SportzBonanza.