American investor wants to buy a minority stake in Monza from the Berlusconi family
Liam Carter
Dailysports's expert
Translated by the editors
Mario Joseph Gabelli, the founder, chairman, and CEO of New York-based Gabelli Asset Management Company Investors, has made an initial offer to acquire a minority stake in Italian club Monza, which is currently seeking a "new investor."
Details: The American investor Gabelli has initiated talks with Monza's owners, Fininvest, led by the family of Silvio Berlusconi, regarding the acquisition of a minority share in the Serie A club. This news comes from reports by La Gazzetta dello Sport and Corriere della Sera.
A Fininvest representative, quoted by Gazzetta, stated that the company "will not disclose the names" of specific investors but confirmed that "ongoing discussions with potential partners" are underway, though none have reached an advanced stage. The representative also affirmed that Monza is working on "identifying a business partner who can help and contribute to the club's growth."
Background: Mario Joseph Gabelli was born in New York on June 19, 1942, to parents who had emigrated from Italy, specifically from Solignano, a small village in the province of Parma.
Monza competes in Serie A, but after seven rounds, the team currently sits second-to-last in the standings, in 19th place.
