Boston Celtics co-owner buys into Serie A club Atalanta
Soccer Football – Serie A – Atalanta v Torino – Stadio Atleti Azzurri, Bergamo, Italy – January 6, 2022 Typical look at of pigeons inside the stadium just after the match was postponed because of to Covid-19 REUTERS/Alberto Lingria
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MILAN, Feb 19 (Reuters) – A team of traders led by Boston Celtics co-operator Stephen Pagliuca has agreed to obtain into Italian Serie A club Atalanta.
The offer is the most recent U.S.-led expenditure in Italy’s top rated soccer league adhering to the acquisitions of Genoa, AC Milan, Fiorentina, Spezia, AS Roma (ASR.MI) and Venezia.
Nine of the 20 major-flight Italian clubs are now managed by foreign names, together with China’s Suning Team at Inter Milan and Canadian Joey Saputo at Bologna.
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In a assertion on Saturday, Atalanta Bergamasca Calcio mentioned the trader group would buy 55{cf07cd047201b183b19c0b335dbd7d35a498f84568531c8abe8643bd3ccfd494} of La Dea, the holding owned by Italy’s Percassi loved ones, which owns about 86{cf07cd047201b183b19c0b335dbd7d35a498f84568531c8abe8643bd3ccfd494} of the club.
The Percassi’s, whose eponymous group owns cosmetics chain Kiko Milano and manages Starbucks (SBUX.O) shops in Italy, will hold a stake of 45{cf07cd047201b183b19c0b335dbd7d35a498f84568531c8abe8643bd3ccfd494} in La Dea and continue to be the greatest solitary shareholder in an “equal partnership” deal.
Below the deal, which resources claimed values Atalanta at all over 500 million euros ($566 million) which includes financial debt, Antonio and Luca Percassi will stay chairman and CEO of Atalanta.
Pagliuca, who is also co-chairman of investment decision company Bain Funds, will be co-chairman.
“Atalanta and Boston Celtics share the widespread athletics values: teamwork and an remarkable marriage with the lovers and the community,” Pagliuca reported.
Centered in the northern town of Bergamo, Atalanta has usually been amid the most effective of Italy’s provincial golf equipment, but beneath Percassi ownership given that 2010 it has punched earlier mentioned its weight and come to be a element in the European soccer landscape.
The group has capable for the worthwhile Champions League in the earlier three seasons and realized 3 consecutive 3rd-area finishes in Serie A, helping it report a total-yr 52 million euro financial gain in 2020 even with the impression of Covid.
In its most current yearly report devoted to top European soccer golf equipment, accountancy firm KPMG penciled in a valuation of 364 million euros for the club.
The Percassi spouse and children was encouraged by BofA Securities, Studio Gatti Pavesi Bianchi Ludovici and Deloitte.
The traders were being assisted by Legance and Kirkland & Ellis, Alvarez & Marsal and Pirola, Zei, Pennuto & Companions.
($1 = .8833 euros)
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Reporting by Stephen Jewkes and Elvira Pollina Enhancing by Alison Williams and Mike Harrison
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