Press area

17 October 2023

Sampdoria: the Genoa Court approved the restructuring agreements

Riccardo Agostinelli, Marco Leonardi, Daniele Migliarucci, Alessandro Pallavicini, Edoardo Testagrossa

On October 13, 2023, the Genoa Court approved the debt restructuring agreements with a tax transaction under Articles 57, 61, and 63 of the Code of Crisis and Insolvency, filed by UC Sampdoria S.p.A. following the negotiated settlement for the resolution of the crisis.

This was the first case of financial recovery for a professional football team on a going concern basis as well as the first application of the new federal sector regulations (known as NOIF - Norme di Ordinamento Interno Federale), adapted following the implementation of the new Code of Crisis and Insolvency. Additionally, it was the first case of debt restructuring secured by Sace and MCI, including the possibility of debt relief.

Our firm advised Banca Sistema, Macquarie Group, SACE, Istituto per il Credito Sportivo and other financial institutions with a team led by partner Riccardo Agostinelli and composed of partners Marco Leonardi and Daniele Migliarucci, as well as associates Alessandro Pallavicini and Edoardo Testagrossa.