FON Global Alliance member Patrigest assisting foreign investors in Italian sports stadiums

Arlington, Va. August 26, 2021 – Many of our member firms have impressive stories to tell, and we are pleased to share FON Global Alliance member Patrigest’s expertise and recent experience in Italian football stadiums.  

There have been significant North American investments and interests in Italian football clubs ( Serie A and Serie B, as well as teams in the lower divisions), driven by anticipated growth in television rights, revenue enhancements through modernization of old stadiums, Italy’s recent European Cup championship, the Tokyo Olympics, and the 2026 World Cup to be hosted throughout North America. We are pleased to share Patrigest’s recent experience in a development project in Italy.  

Stadium with people

Patrigest advised CPI Tor Di Valle in the purchase of a mixed-use development site from Eurnova for the potential construction of a new football stadium and supporting training, retail, hospitality, and office park areas. This is a specialised ground-breaking project for Rome and Italy, which has not been approved yet and still a design concept. 

CPI Tor Di Valle acquired an area of approximately 260,000 m2 (2.8 million ft2), located in an area that is southwest of Rome, the capital of Italy. This area was previously occupied by a hippodrome and slated for redevelopment for years. The project, which would feature the football team AS Roma (part of the Houston, TX based The Friedkin Group), uses state of the art design criteria for maximizing customer experience, renewable energy, and revenue revenue enhancement. Patrigest was the natural choice to advise CPI Tor Di Valle as it had previously advised the property’s former owner, Eurnova, on its initial development planning for obtaining the concession rights for the new stadium. 

Per recent studies by the football association FIGC and the accounting firm PwC, 160 new stadiums were built in Europe from 2009-2019 for a total investment of €20.3 billion. That report projects an additional €2.5 billion investment for the redevelopment of Italian sport facilities over the next decade. In Italy, nearly all the stadiums are public property, have an average age of 63 years, offer little covered seating, and do not use the latest renewable energy construction practices. This represents a new sector open to private acquisition and investment, particularly to North American investors. 

Patrigest supported CPI Tor Di Valle in its purchase of the concession rights and performed the valuation in accordance with International Valuation Standards and the Royal Institution of Chartered Surveyors valuation standards.  

Patrigest’s expertise in stadium design and mixed-use real estate projects have resulted in the creation of modern sports cathedrals throughout Italy, celebrating sports, local community spirit, and maximizing the spectator experience for fans and investors.  

FON and member firms of the FON Global Alliance have significant expertise in the valuations of sports stadiums, complex mixed-use real estate projects, and business enterprises. Our deep experience lets us offer clients cutting edge solutions founded in proven techniques and industry knowledge. Our ability to work with clients on all forms of sports related investing worldwide sets us apart from our peers. We aim to partner with innovators and provide them with business solutions.  

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FON Global Alliance supports domestic and cross-border transactions through its network of 25 affiliated companies located throughout the Americas, Europe, the Middle East and Africa, and Asia/Pacific. Member firms seamlessly deliver independent advisory services from valuations for financial and tax reporting/compliance matters to investment banking services (mergers & acquisitions, divestitures, restructuring, capital markets) to real estate insights & advisory.

FON is a financial advisory firm dedicated to investment banking, valuation advisory, management consulting, and principal investing across the aerospace, defense, and government services industries. As current and former members of regulatory and standard-setting organizations, FON’s valuation practice provides services informed by decades of experience. In advising high-net-worth individuals, public and private companies, equity and debt investors, transaction advisors, compliance and regulatory agencies, and state and federal courts, our professionals approach each mandate with an appreciation of its unique requirements and challenges. We have performed valuations of assets and business interests throughout the Americas, Europe, Middle East and Africa, and Asia/Pacific.

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FON Global Alliance member Patrigest assisting foreign investors in Italian sports stadiums