Nizaar Kinsella
BBC Sport football news reporter
Athlete investment firm APEX are part of a group to purchase
a minority stake in recently promoted Venezia, who returned to Serie A through
the play-offs in May, for an undisclosed sum.
Venezia earned promotion by beating Palermo and Cremonense
and announce new funding APEX, a firm which has worked with boxer Anthony
Joshua and England defenders Trent Alexander-Arnold and John Stones, previously
investing in the Alpine F1 team and the San Francisco franchise competing in
TGL, Tiger Woods’ new PGA-backed golf venture.
APEX founder and chief executive Antonio Cacorino told BBC Sport
a similar English football investment is in his sights. “The plans for the
team are to have a stable presence in Serie A and continue developing both the
academy and a good capacity to attract foreign talent,” he said.
“Our ambition is to help both on and off the pitch,
either through our access to the best technology and innovation in sports
ventures, but also our global network across the industry.”
He added: “We don’t have a multi-club model in mind but
we are in the lookout for more opportunities. England is a market that we
definitely want to have a presence in. But it doesn’t have to be in the Premier
League.
“APEX always represents an entrepreneurial athlete movement,
but we don’t have specific names to mention as famous investors at this
stage.”
Part of the attraction to invest in Venezia is the club’s
location in the popular tourist city of Venice, while the team has earned
notoriety for a series of fashionable football kits globally.
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