LONDON/FRANKFURT (Reuters) - Italian financier Giulio Gallazzi is seeking binding commitments from a series of hedge funds to finance a proposed takeover of Italy's oldest football club, Genoa CFC, sources familiar with the matter told Reuters. If successful, the deal, which could be worth more than 120 million euros ($141.07 million), would make Genoa the first club in Italy to be entirely owned by financial investors. Among the main sticking points is the valuation of Genoa's football players and its credits to other Serie A clubs, one of the sources said. Preziosi, 69, established Genoa in Serie A during his 14-year reign. He has been looking for a buyer for Genoa for years and reiterated his intention to sell last spring.

Source: The Star September 27, 2017 19:41 UTC