image/svg+xml
TM
image/svg+xml Torino FC Logo SVG Version June 8 2006 Angelo Romano
image/svg+xml

Merlyn Advisors present offer to acquire Sampdoria

IF24 Desk
A Sampdoria football team's flag flies during their Italian Serie A football match Sampdoria vs Juventus at Luigi Ferraris Stadium in Genoa on March 21, 2010. AFP PHOTO/ GIUSEPPE CACACE (Photo credit should read GIUSEPPE CACACE/AFP via Getty Images)

After a tumultuous year filled with uncertainty, Sampdoria appear to be closing in on new ownership.

Ansa reports UK-based fund Merlyn Partners, who also own French side Lille, presented a binding offer over the weekend to acquire the club from current owner Massimo Ferrero.

Led by Italian fund manager Alessandro Barnaba, the group’s offer includes €50 million for working capital along with a detailed plan of how they’ll restructure the club’s €150 million in total debts.

The club’s shareholders will begin discussions regarding the offer when they meet this Wednesday—though, these discussions could be tabled until the 19th.

Although no longer officially the club’s president following his arrest last December, Ferrero would have to sign-off on the deal before any sale is finalised.