A group led by New York-based attorney Joe Tacopina completed the acquisition of soccer’s Bologna, the second takeover of an Italian club by North American investors since 2011.
Tacopina, who becomes team president, and Joey Saputo, the founder of Major League Soccer’s Montreal Impact, oversaw the deal, according to a statement on the second-tier team’s website yesterday. Terms weren’t disclosed.
Bologna, which won the last of its seven league titles in 1964, dropped out of the elite Series A last season.
“We intend to return to Serie A right away, and we will invest time and effort in Bologna and its people,” Saputo said, according to the team website.
The group plans to work with city officials to renovate the team’s 38,000-seat stadium, Saputo added.
Tacopina, a partner of Tacopina Seigel & Turano whose clients have included baseball’s Alex Rodriguez, was previously a board member of AS Roma, the Serie A team led by hedge fund manager James Pallotta.
Pallotta was part of a U.S. group that bought Roma in 2011.