Singaporean Entrepreneur Joseph Tey's Ambitious Plan to Revive Sampdoria's Glory
Source: news.source.channelnewsasia
Singaporean businessman Joseph Tey has taken a majority stake in the historic Italian football club Sampdoria, aiming to restore its past glory. Previously in Serie A, Sampdoria now competes in Serie B, and Tey's investment is driven by both passion and business acumen. His journey from a potential minority investor to a majority shareholder reflects his commitment to the club's revival, despite the significant risks involved.
Key Points
Joseph Tey, a Singaporean businessman, has become the majority shareholder of Sampdoria, an Italian football club with a rich history.
Sampdoria, once a top-tier club, is now in Serie B and was on the brink of bankruptcy before Tey's involvement.
Tey's investment decision was influenced by Sampdoria's historical success and potential for profit, despite the high risks involved.
Initially planning to take a minority stake, Tey increased his investment to 58% after other potential investors did not join.
Tey's approach is business-driven, with a focus on reviving the club's fortunes and ensuring its financial stability.
