Italian Soccer Team’s New Private Equity Owner Seeks New Stadium

Oct 14 2011 | 7:55am ET

Private equity manager Thomas DiBenedetto is looking for new digs for his latest purchase: an Italian soccer team.

DiBenedetto, president of Junction Investors and Boston International Group, and his partners, Raptor Capital Management founder James Pallotta and UniCredit, bought AS Roma earlier this year. Now, DiBenedetto is scouting sites for a potential new stadium.

“It’s become quite critical to have an experience at your stadium or a ballpark that is special,” DiBenedetto, a minority owner of the Boston Red Sox and English soccer team Liverpool Football Club, told Bloomberg News. “You have to create an experience and if you don’t, people are not going to come. I think that’s happened to a certain extent in Italy.”

DiBenedetto said he hoped to have a new stadium built within five years, in time for Italy to host the 2016 European Championship. Currently, Roma shares Rome’s Stadio Olimpico with arch-rival Lazio; both rent the stadium from Italy’s Olympic Committee.

At Stadio Olympico, fans are separated from the soccer field by a running track.

Speaking to Bloomberg at Stamford Bridge, home of Chelsea Football Club, DiBenedetto said, “You look out here and the closeness of the seats, it’s a different experience so the passion of the fans grows and its exhilarating for you to cheer for your home team and that in turn has a big impact on the players.”


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.