Dan Sucu Acquires Majority Stake in Genoa

Romanian businessman Dan Șucu has acquired a majority stake in Genoa, Italy's oldest football club, taking over 77% ownership for approximately 45 million euros. This transfer marks a significant change from the controversial U.S. investment firm 777 Partners, which had previously faced bankruptcy and a winding-up order. Șucu, who also owns Rapid Bucharest and has interests in real estate and media, aims to bring economic stability and new investments to the club. Genoa's current management is expected to remain in place, despite 777 Partners continuing as minority shareholders. The club, positioned 13th in Serie A and only two points above the relegation zone, hopes for a revitalized future under Șucu's ownership. This takeover is seen as a critical step in addressing the club's financial challenges and enhancing its infrastructure.