February 23 – Cagliari Calcio has confirmed majority shareholder Fluorsid Group is selling an additional 29% stake in the club to a group of US-based investors led by Maurizio Fiori and Prashant Gupta.
Following completion of the transaction, the American group will hold 49% of the club’s share capital, consolidating what had previously been a smaller minority position. Fluorsid retains overall control with a slight majority.
The deal will not alter Cagliari’s executive leadership or day-to-day management, with the club stressing continuity as part of the arrangement. Instead, the move is positioned as a reinforcement of an existing partnership, aimed at supporting longer-term infrastructure and financial development.
Central to that strategy is the long-running new stadium project, a key pillar in Cagliari’s plans to stabilise revenues and improve competitiveness – with economic and financial plans for the project submitted in December. The ambition was to create a venue suitable for hosting Euro 2032 matches – though reports from inside the club suggest legal and financial obstacles could make it miss that deadline.
Cagliari want a 50-year surface rights agreement to control both the stadium and surrounding land, an arrangement the club says will make financing and banking negotiations viable.
However, the city government has refused, insisting the land remain publicly owned with only a concession granted to the club – a stance aimed at protecting public interest but one that has stalled formal approval.
Like several Serie A sides outside Italy’s traditional elite, Cagliari have faced structural challenges tied to ageing infrastructure and mid-table league positioning.
Additional capital from the US group is expected to support stadium development and broader organisational strengthening, including commercial growth and operational modernisation.
American investment in Italian football has accelerated over the past decade, and Cagliari’s latest shareholding shift fits that wider pattern of transatlantic capital targeting clubs with redevelopment potential.
For now, the message from Sardinia is one of stability rather than upheaval, but a near-even split ownership structure signals a deeper financial partnership as Cagliari attempt to solidify their position and plan for the next phase of growth.
Contact the writer of this story, Harry Ewing, at [email protected]