Serie A’s relegation-threatened Genoa put up for sale

May 15 – Genoa, Italy’s oldest professional football club which even has the word cricket in its official name, will be put up for sale, the Serie A outfit said in a statement.

Founded in 1893, the club has been owned by Enrico Prezioli, head of Italy’s largest toy manufacturer, for the last 16 years.

“Genoa Cricket and Football Club S.p.A. announces that a mandate has been given to Assietta S.p.A., a financial consultancy company, specialising in corporate finance, as an advisor for the sale of the club,” a statement said.

“To support the sales process, the advisor will also be supported by a subject with an international profile.”

The Grifone go into their final two Serie A games of the season just a point above the relegation zone.

Preziosi took over in 2003 with the club in Serie B, saw them promoted four years later and has since established them as a top-flight club. However, he has employed 14 coaches during his time in charge.

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