A sale of Serie A club Udinese to a US-based investment firm is on the verge of being completed, and could go through by the end of the week according to reports from various outlets in Italy.
According to the likes of ANSA and Sky Sport Italia, Udinese are close to being sold to the US-based investment firm Guggenheim Partners. The sale is expected to be closed in Luxembourg on Friday.
If completed, the sale will bring an end to the Pozzo family’s time in charge of the club, which has lasted for 39 years.
According to updates from Sky Sport Italia, Guggenheim Partners could formally complete their takeover of Udinese by Friday.
A preliminary agreement was reportedly signed in April for a rumoured figure of €180m.
Sky adds that there is still a possibility that the Pozzo family remain involved with a minority stake in the club moving forwards. Their involvement, or possible departure from the club is expected to be confirmed once the takeover goes through.
Guggenheim Partners was founded in 1999 in partnership with the Guggenheim family, and has been run by CEO Mark Walter since the year 2000. It is estimated that the firm manages over €349 billion in assets.
Walter and Guggenheim Partners are the sole owners of MLB team the Los Angeles Dodgers, and also own stakes in NBA outfit the Los Angeles Lakers and the Los Angeles Sparks of the WNBA.
Walter and Guggenheim Partners also own just over 12% of BlueCo, the holding company which owns Premier League side Chelsea and Ligue 1 outfit Strasbourg.
Walter is listed as a Chelsea director, but is not involved in the day-to-day running of the club.
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