Genoa, the oldest Serie A club which was founded in 1893 and plays in the Italian top-flight has won the league nine times.
Genoa announced on Thursday that the deal reportedly worth 150 million euros ($175 million).
The new ownership group will have 99.9 per cent of the share capital in Genoa and is expected to inject fresh capital into the club as they will assume certain related liabilities.
777 Partners will deploy its knowledge in the sports, media and entertainment industries to help further commercialise the operations of the club.
Enrico Preziosi, the former club owner will remain on the Club’s Board of Directors, while CEO Alessandro Zarbano will continue to run the day-to-day operations of the Club.
“We are profoundly humbled to be a small part of the rich history, heritage and tradition of Genoa,” says Josh Wander, Founder and Managing Partner of 777 Partners.
“We understand and respect the responsibility we are inheriting to preserve and protect the proud legacy of the Rossoblu, and we are committed as custodians of that legacy to help the club reclaim its place at the top of Serie A.
"The time has come to pass the torch," says Preziosi. "I have always said that I would leave Genoa only to a strong and reliable new owner, and I leave it in the hands of 777 Partners. To them, who will now lead the oldest club in Italy, I wish the best. I will always remain a Rossoblu fan."
