Two separate offers for Virtus Bologna from Emirati investors

A new investment agenda has emerged at Virtus Bologna. According to Walter Fuochi of the Repubblica Bologna newspaper, investors from the United Arab Emirates have expressed their intention to discuss an entry into the club with Massimo Zanetti.

There are two options on the table. The first is the purchase of the entire club, and the second is the acquisition of a significant stake of approximately 50 percent. According to the newspaper, an economic baseline has also been set out, and the parties currently prefer the second option.

The possible investment is also linked to the 50 million euro cost that must be paid over five years to make Virtus a permanent EuroLeague franchise. Earlier interest from US investors has currently stalled.

No transaction has been finalized yet. Contacts and evaluations between the parties are at a preliminary stage.