Boston Celtics co-owner invests in Serie A club Atalanta

By AP News

Share:

BERGAMO, Italy (AP) — Investors led by the co-owner of the NBA’s Boston Celtics have bought into Atalanta, the soccer team that has gatecrashed the Italian elite in recent years.

BERGAMO, Italy (AP) — Investors led by the co-owner of the NBA’s Boston Celtics have bought into Atalanta, the soccer team that has gatecrashed the Italian elite in recent years.

Stephen Pagliuca is heading the group that has bought 55% of the shares of the Percassi family company that owned 86% of the Serie A club.

The Percassis through La Dea Srl will remain the single biggest shareholder, Atalanta said. Antonio Percassi will remain president of the club with son Luca still the CEO, while Pagliuca becomes co-chairman.

Atalanta has finished third in each of the last three seasons and reached the quarterfinals of the lucrative Champions League in 2020.

“Atalanta and the Boston Celtics share the same sporting values,” Pagliuca said in a statement, “team spirit and a unique bond with their fans and communities.

"We believe that the Percassi family has built very solid foundations on which to work together for a global strengthening of the brand, with the aim of encouraging further diversification and revenue growth, allowing the club to become increasingly competitive on an Italian and international scale."

Atalanta is currently fifth in Serie A.

___

More AP soccer: https://apnews.com/hub/soccer and https://twitter.com/AP_Sports

Share:

In this article:

Industries:
Consumer Discretionary

Author: AP News

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Originally published by Associated Press Valuethemarkets.com, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

Sign up for VTM Updates

Form submitted successfully!

VTM Exclusive Reports

Crypto Corner

Learn your NFTs from your BTCs