Keep pulling the thread on Matt Rossetti.
Underdog Global Partners is in the process of building a state-of-the-art arena in Naples for its basketball team, which it expects to be one of the most prominent in European sports.
Underdog Global Partners is in discussions with the NBA and EuroLeague for its Napoli Basketball team to become an expansion franchise.
Underdog Global Partners' strategy in Naples is to create a multi-sport powerhouse platform by bringing together its basketball team and the Napoli soccer team.
If Underdog Global Partners acquires Napoli, its first priority would be to invest in infrastructure to modernize the Maradona Stadium.
Matt Rossetti predicts that if Underdog Global Partners successfully merges its sports assets in Naples, the combined entity would become one of the top 5 most valuable sports enterprises in the world within 5 to 10 years.
A reported potential acquisition price for the Napoli soccer club is approximately €2 billion, which would make it the most valuable team in Italy.
Underdog Global Partners is a private equity firm focused on investing in and operating undervalued sports assets.
Underdog Global Partners has a subsidiary that houses its four professional sports franchises, which include soccer and basketball teams.
Underdog Global Partners took the soccer club Campo Basso from a fifth-tier amateur team to Serie C by winning two championships and two promotions.
In its most recent season, the soccer club Campo Basso finished fourth in Serie C, narrowly missing a promotion to Serie B.
Matt Rossetti believes many European soccer clubs are not properly commercialized, presenting an opportunity in areas like media rights, streaming, merchandising, and sponsorships.
Matt Rossetti states that foreign investors in European soccer clubs who do not understand local cultural nuances have often seen 90% of their investment value wiped out due to relegation.