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Boston Celtics co-owner Stephen Pagliuca is among the American investors who have bought a 55% stake in Italian soccer club Atalanta.
Football Italia’s Susy Campanale reported on Saturday that the deal allows the Percassi family to remain the largest shareholder with their 45% stake.
“Antonio and Luca Percassi will retain their respective roles as club chairman and CEO, while Stephen Pagliuca will be appointed as club co-chairman,” the Serie A outfit said in a statement.
Atalanta finished third in Italian football’s top 20 squad last season. The Dea sit fifth in the Serie A table and will spend the rest of the 2021-22 campaign trying to fight for a top four spot, which leads to a place in the UEFA Champions League next season.
The club finished third in their UCL group this season behind England’s Manchester United and Spain’s Villarreal, sending them out of the competition and into the Europa League qualifiers.
Atalanta was founded in 1907 and the Percassi family said their aim with the sale to US investors was to help broaden the club’s global appeal, per Campanale.
Pagliuca also released a statement as part of the sale, saying the Italian team and the Celtics have a lot in common:
“We are delighted to partner with the Percassi family and support the future development of the club. Atalanta and the Boston Celtics share common sporting values: teamwork and an extraordinary relationship with fans and the community. We believe that the Percassi family has built a very strong foundation on which to work together to strengthen the brand globally, with the aim of encouraging greater diversification and revenue growth, enabling the club to become increasingly competitive on the Italian and international scene.”
Pagliuca, a 67-year-old New York native who made his fortune through investment firm Bain Capital, is the Celtics’ managing partner and alternate governor.
No other members of the investment group were mentioned by name in the announcement.
Atalanta’s next game is scheduled for Sunday when they visit the Stadio Artemio Franchi to take on Fiorentina in Serie A.