The 2023-24 soccer season has just begun, but for many Italian soccer clubs, the real challenge is being played out in the boardrooms, called upon to decide how to manage increasingly precarious financial balances.
Meanwhile, Genoa FC has launched, on the Italian-English lending crowdfunding platform Tifosy, the Genoa Bond, to build a new sports center and build the future of Genoa CFC together.
After a pre-market raising of more than 3 million euros from hundreds of investors, the bond is aiming for 5 million with hundreds more having registered to be notified when the public investment period opens.
This means that in just seven days, more than 60 percent of the initial funding target has already been reached.
The Genoa FC Bond
The Genoa Bond offers 9% cash interest per year for 5 years with a minimum investment of €1,000 minimum investment (no maximum investment).
In addition to the key terms, a unique set of investor privileges is included at different investment levels. For €5,000 or more investment one can get one’s name inscribed on the ‘Wall of Fame’ of the new Training Center; for €15,000 or more, the investor gets an invitation for 2 to the exclusive opening event of the new training center; for €50,000 or more the investor also gets a tailor-made privilege package to be agreed with the Club.
All privileges are cumulative, but are limited to maximum amounts and are awarded to the first completed investment applications.
The Genoa Football Club
Founded in 1893, Genoa CFC is Italy’s oldest club and one of the country’s most titled.
Beginning with the club’s acquisition in 2021, the new ownership has invested and worked with the goal of creating a solid management model that will achieve financial sustainability in the medium to long term.
Investing in the men’s youth sector and the women’s area is at the heart of Genoa FC’s strategy. Building state-of-the-art sports and administrative infrastructure will enable the club to attract the best talents and enhance their potential, taking them all the way to the first team.
The Tifosy platform
Tifosy Limited is a British sports crowdfunding platform, founded in 2015 in London by Fausto Zanetton (media, tech and sports specialist at Goldman Sachs and Morgan Stanley) and Gianluca Vialli (Sampdoria, Juventus, and Chelsea legend).
In December 2021, Tifosy Sim, a subsidiary of the platform, was authorized by Consob and the Bank of Italy. The SIM has opened a new office in Milan, led by executive vice president Marco Re, former CFO of Juventus.
The Milan office also serves as a European hub for investment services offered by Tifosy in other European countries, a choice that is a direct consequence of Brexit.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Crowdfunding buzz. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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