Genoa CEO Affirms Legitimacy of Club Ownership Change

Andres Blazquez, CEO of Genoa Football Club, has firmly stated that the recent change in club ownership is both legal and final. In response to concerns raised by A-Cap, a creditor of the previous owner 777 Partners, Blazquez clarified the situation:

“This was not a sale, but a capital increase. Dan Sucu is now the majority shareholder. The entire process was conducted in full compliance with regulations, is conclusive, and has been officially recorded in the shareholders’ register.”

Blazquez explained the urgency behind the transaction: “We needed to complete the recapitalization by year-end. A-Cap had promised new resources by January, but these were not confirmed. As a result, our board decided to expedite the search for new investors.”

Addressing potential legal challenges, the CEO assured, “We have no fear of legal action. This is a robust transaction, meticulously planned with our legal team. The newly issued shares are completely secure. Every step was communicated to shareholders, including the board-approved decisions, with full explanations provided. Our primary focus was, and remains, safeguarding Genoa’s interests.”

This swift operation, while possibly surprising to A-Cap, was carried out through entirely legitimate means, reinforcing the club’s commitment to transparency and proper governance.