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Genoa CFC to be put on sale

Italy’s oldest professional football club, Genoa will be put up for sale, the Serie A outfit said in a statement on Wednesday.

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

“Genoa Cricket and Football Club announces that a mandate had been given to Assietta S.p.A., a financial advisory firm specialised in corporate finance, as advisor for the sale of the company,” the statement said.

The announcement came with Genoa one point and one place above the Serie A relegation zone with two matches to play.

Mr 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.

He has been trying to sell the club for several years amid poor results which have sparked protests by the fans.

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