Romanian Businessman Dan Șucu Takes Majority Stake in Genoa CFC

In a historic move that resonates deeply with Romanian football fans, Dan Șucu has officially acquired a 77% majority stake in Genoa CFC, Italy’s oldest professional football club, for approximately €45 million. This takeover, finalized on December 18, 2024, marks a significant milestone for Genoa and Romania as it showcases the growing influence of Romanian entrepreneurs in international sports.

A Fresh Start for Genoa

Genoa, founded in 1893, has faced turbulent times under previous ownership by 777 Partners, which struggled financially, leading to uncertainty among fans. With Șucu at the helm, hopes are high for a revival. The club’s official statement emphasized that this change represents a new chapter, with expectations of economic stability and fresh investments to strengthen the team and its infrastructure.

Who is Dan Șucu?

Dan Șucu is already a prominent figure in Romanian football as the owner of Rapid Bucharest, where he holds a 90% stake. Beyond football, he founded Mobexpert, Romania’s largest furniture retailer, employing over 2,200 people. His extensive business acumen and commitment to community development are expected to translate into positive changes at Genoa.

Șucu’s vision for Genoa includes enhancing team performance and fostering community engagement. He aims to leverage football as a social impact, similar to his initiatives at Rapid Bucharest, where investments have gone into modern training facilities and youth academies. “We want to bring financial support, hope, and stability to our fans,” he stated.

This acquisition highlights a growing trend of Romanian business leaders making their mark in international football. As clubs face financial challenges, the influx of investment from successful entrepreneurs like Șucu not only provides much-needed capital but brings new perspectives on club management and community involvement.

This takeover signifies a new beginning for Genoa and reinforces Romania’s emerging role in the global football landscape. With aspirations high and a commitment to community values, there is optimism that Genoa can rise again in Italian football, bringing pride to its supporters and inspiring future generations.