April 24 (Reuters) - Andrea Agnelli, the president of Serie A football club Juventus for 12 years until 2022, has launched capital fund Gamma Waves to invest in sports-related intellectual property
Former Juventus President Agnelli Launches €100M Sports Investment Fund Gamma Waves
Gamma Waves Fund: Launch, Strategy, and Background
Fund Launch and Founders
April 24 (Reuters) - Andrea Agnelli, the president of Serie A football club Juventus for 12 years until 2022, has launched capital fund Gamma Waves to invest in sports-related intellectual property and technology, the company said in a statement on Friday.
Gamma Waves is based in the Netherlands and was co-founded by Agnelli, former Juventus player and European champion Giorgio Chiellini, and Rocco Benetton, heir of the Italian family behind the global fashion brand.
Investment Focus and Strategy
Target Sectors
• Gamma Waves plans to invest in sports competitions, clubs and athletes, as well as in growth-stage sports technology companies
Technology and Data Initiatives
• It will also focus on data analytics and AI-automated content production investments
Funding and Financial Details
Initial Commitments
• Gamma Waves has received 55 million euros ($64 million) of firm funding commitments out of its 100-million-euro target, the Financial Times reported
Company Response
• The company declined to comment on the initial funding when contacted by Reuters
Agnelli’s Juventus Tenure
Resignation and Scandal
• Agnelli resigned as Juventus chairman in 2022 following an accounting scandal linked to player trading and salary payments
Achievements
• Between 2010 and 2022, Juventus won Italy’s Serie A football league nine times and finished twice as runners-up in the UEFA Champions League
Exchange Rate
($1 = 0.8536 euros)
(Reporting by Mirko Miorelli, Romolo Tosiani, editing by Milla Nissi-Prussak)
