The Company has entered into restructuring agreements with an equity interest equal to approximately 75% of UC Sampdoria’s total debt as at May 31, 2023, with: (a) financial creditors; (b) non-financial creditors; and (c) the Revenue Agency (the “Restructuring Agreements”). The approval decision was issued by the Court of Genoa after verifying the correctness of the procedure and the results of the creditors’ vote and authorized the extension of the Restructuring Agreements to non-member creditors.
The court’s decision represents the final stage of a complex procedural process that began with the commencement of the negotiated settlement procedure and underwent a turning point and decisive acceleration with the entry of new majority shareholders, said Dr. Matteo Manfredi and Dr. Andrea Radrizzani, without whom saving the company would have been impossible.
The approval proposal therefore formally commences the implementation of the recovery plan underlying the Restructuring Agreements (which the club expects to complete by the end of the 2025/2026 sports season), confirming its reliability and economic feasibility and thus ensuring the continuity of reality, for example that in Sampdoria, national importance. As envisaged in the recovery plan, the next steps in its implementation will be represented by further contributions from the majority shareholders, both in the form of liquidity injections and capital increases aimed at supporting the company.
Therefore, the majority shareholders, together with management and its advisors, remain focused on the path of consolidation of the company, continuing to expand its presence in the territory, as well as beyond national borders, not limiting itself to achieving only sporting results, but paying particular attention to the sustainability of the company itself.”
Source: Tutto Mercato Web
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