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Saturday, May 4, 2024

US investors bet on ‘sleeping giant’ Serie A’s return to glory days

Parma’s US owner Kyle J. Krause (right) and his son Tanner before a Serie A match against AC Milan in December 2020.

ROME: Parma and Spezia have become the most recent Italian clubs to pass into US ownership with more than a quarter of Serie A outfits now in the hands of north American owners.

Their bet? Growth in TV rights and the modernisation of ageing stadiums fuelling a new era of Italian football.

Two top flight games this weekend will be derbies between US-owned teams — Roma versus AC Milan and Spezia against Parma.

If foreign investment has long been part of the Premier League with only four clubs still British-owned, the phenomenon is more recent in Italy.

The harsh economic reality of the coronavirus pandemic has made clubs more open to potential investors, experts told AFP.

Roma’s US-era began…

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