Gamco's Americans to conquer Monza

Monza Calcio ends up on the radar of Gamco Investors. As reported by Sole 24 Ore, the football club wholly owned by the Berlusconi family's Fininvest - which has long made it clear that it is interested in opening up Ac Monza's capital to other investors - is reportedly in talks with the US fund.

At stake is the sale of the company, which before the summer seemed destined to enter the orbit of Orienta Capital Partners, as part of a negotiation that later fell through in the first half of May.

Now the new entity has come into play: a US fund with 32 billion dollars in assets under management, spread over more than 800 listed companies - including Paramount Global or United Rentals or even Textron - headed by Mario Gabelli, an Italo-American magnate born in New York but with origins in Solignano, in the Parma region.

Contacted by Il Sole 24 Ore, Fininvest replied: "We do not comment on individual names. There are ongoing conversations with various potential partners, in no case, however, are negotiations at an advanced stage. Fininvest's intention remains that of identifying partners with whom to pursue the development of the company".

At work, on the American side, would be Alec Boccanfuso of Gamco Investor, manager of the group and representative for Europe, with the US fund that has used the support of Palella Holdings - which belongs to the Italian entrepreneur living in the United States Salvatore Palella, main shareholder of Micromobility.com and Everli - in particular in the first phase of research and approach of the target, based on the desire, which had been expressed by Gamco, to invest in an Italian Serie A club. Taking care of the legal side is Deloitte Legal Italia together with Studio Rappazzo.