Cagliari Calcio, the transfer of minority shares to a US group concluded

For Cagliari Calcio, the season begins with new shareholders. The club chaired by Tommaso Giulini made official the closure of the agreement for the sale of a minority shareholding, and renewed the Board of Directors with the entry of Maurizio Fiori and Prashant Gupta.

Fiori, who sits on the Board of Directors as Vice Chairman, is originally from Sardinia and is Managing Director of Praxis Capital Management, a global hedge fund based in Chicago, where he heads the Private Markets division. He is also Cio of Argos Investment Management, with over $1 billion under management in alternative investments.

Prashant Gupta, on the board as a director, an Indian-born entrepreneur living in the US, is co-founder of Lancium Inc., an infrastructure technology company specialising in integrating large-scale data centres into electrical systems. He was Cfo of a family office linked to a major family in the Forbes 400, and previously partner and CFO of a multi-strategy hedge fund in Chicago.

"In addition to the leading figures Fiori and Gupta, the new group of investors includes high-level profiles from the world of sport and international business," reads the club's official press release. "Their experience, combined with the contribution of other US investors, is destined to strengthen Cagliari's international profile, enhance commercial opportunities and support the club's long-term sporting objectives.

Following the transaction (Cagliari Calcio was assisted by the lawyer Antonio Romei of Studio BDL in Rome), was the law firm Hogan Lovells, coordinated by Paola Barometro and Eric Andalman. The fiscal, financial and commercial due diligence activities were conducted by Deloitte Sports Business Group and Sergio Martone of Studio Business Consulting in Milan.