Sale Of Fiorentina To American Billionaire Reported Imminent

Rocco B. Commisso, the owner of Mediacom, one of the biggest cable companies in the U.S., is close to agreeing the purchase of Italian Serie A soccer club ACF Fiorentina from the Della Valle family for around 160 million euros, a source with knowledge of the matter said on Tuesday.

Reuters reports:

The Della Valle family owns luxury goods group Tod’s and, since 2002, the Florence-based club who last season narrowly escaped relegation.

The source said ACF Fiorentina’s owner, Diego Della Valle, and Commisso met today at Tod’s offices in Milan and that a deal could be struck as soon as today or Wednesday.

Commisso, born in Calabria, is Chairman and CEO of Mediacom, the fifth largest U.S. cable company.

He owns the New York Cosmos.

Following the cancellation of the 2018 North American Soccer League season amid legal wrangling, a team branded as New York Cosmos B now plays in the National Premier Soccer League.

Commisso made a failed offer last year to buy a controlling stake in Serie A club AC Milan.