Romanian Billionaire and Ex-Tennis Star Ion Tiriac Eyes Genoa Football Club Acquisition

Italy’s oldest football club, Genoa, may soon have new Romanian owners. Following the exit of 777 Partners from the board of directors, the club is on the verge of a ownership change. This development was confirmed during a recent shareholders’ meeting, which also approved a capital increase of 45 million euros.

Rumors circulating in the city suggest that Ion Tiriac and Dan Sucu, two of Eastern Europe’s wealthiest and most influential figures, are poised to inject fresh capital into the club. This investment would secure them majority ownership of the Rossoblu.

Tiriac, a former professional tennis player, has built a vast economic empire in banking and insurance since retiring from sports. His personal fortune is estimated at over two billion euros. Sucu, his long-time business partner, currently owns Rapid Bucharest and has been photographed with Genoa’s current CEO, Andres Blazquez.

The duo has reportedly reached an agreement for the takeover of the ‘Griffon’ and may announce it in the coming days. Genoa, currently managed by Texas-based insurance company A-Cap, is valued between 150 and 170 million euros.

The identity of the investor, who has committed 40 million euros, will be revealed by January 15th. If the deal goes through, it could mark a significant turning point for the historic Italian club.