{"id":305140,"date":"2024-08-10T00:47:07","date_gmt":"2024-08-10T05:47:07","guid":{"rendered":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/drake-helps-italian-soccer-team-raise-40-million-to-avoid-bankruptcy"},"modified":"2024-08-10T00:47:30","modified_gmt":"2024-08-10T05:47:30","slug":"drake-helps-italian-soccer-team-raise-40-million-to-avoid-bankruptcy","status":"publish","type":"post","link":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/drake-helps-italian-soccer-team-raise-40-million-to-avoid-bankruptcy","title":{"rendered":"Drake Helps Italian Soccer Staff Increase $forty Million To Keep away from Chapter"},"content":{"rendered":"

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A well-known Italian soccer team was on the verge of going bankrupt \u2026 but after starting from the bottom, now they\u2019re here \u2014 and it\u2019s all thanks to <\/strong>Drake<\/strong><\/a>!!!<\/p>\n<\/div>\n

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Venezia FC \u2014 located in Venice, Italy \u2014 is one of the most beloved soccer teams in the country. The org. was founded in 1907 and has been a mainstay on the Italian soccer scene ever since, spending most of its time in the Serie B division.<\/p>\n<\/div>\n

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After years of struggling to earn promotion, the team finally made it back to Serie A in the Summer of 2021 \u2014 the first time in two decades. The promotion was short-lived, as the team finished last that very next season \u2026 bumping Venezia back to Serie B.<\/p>\n<\/div>\n

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However, because of its spending at the top level, the club found itself struggling financially with substantial debt. Looking to avoid being sent to Serie D, Brad Katsuyama<\/strong>, a co-owner of the squad, made a desperate call to a friend for help.<\/p>\n<\/div>\n

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Matte Babel<\/strong> \u2014 part of the 6 God\u2019s management team as well as Chief Brand Officer \u2014 had his hotline bling \u2026 and everything fell right into place after that.<\/p>\n<\/div>\n

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\u201cHe laid out the problem, simply \u2014 Venezia needs to raise ten million euros in a couple weeks, and then at least thirty million euros in a few months, or the club will go bankrupt,\u201d Babel told GQ Italy<\/strong><\/a>. \u201cVenice is an incredible city and Venezia has always been a special club, I spoke to Drake, and then Brad and I discussed how we could help.\u201d<\/p>\n<\/div>\n

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\"Venezia\n <\/p>\n<\/div>\n

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Babel said within two weeks, the two sides settled on terms and raised the money needed to make payroll and avoid bankruptcy \u2014 raising $40 milli from different North American investors \u2026 and Drizzy\u2019s involvement paved the way.<\/p>\n<\/section>\n

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\u201cThe value of Drake to any football club is undeniable given his global superstardom and brand reach \u2014 this intersection of culture and sport is exactly where we want to be and as a sports organization the ability to tap a brand like NOCTA that also teeters the same line is incredibly valuable,\u201d Babel added.<\/p>\n<\/section>\n

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\"Venezia\n <\/p>\n<\/div>\n

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The team is now thriving thanks to these investments, as they have recently brought in new talent and invested in new facilities for the club. These investments are expected to be completed for the 2027\/28 season.<\/p>\n<\/section>\n

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As Drake would probably say \u2026 thank him later.<\/p>\n<\/section>\n<\/div>\n\n

Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A well-known Italian soccer team was on the verge of going bankrupt \u2026 but after starting from the bottom, now they\u2019re here \u2014 and it\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-305140","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/posts\/305140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/comments?post=305140"}],"version-history":[{"count":0,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/posts\/305140\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/media?parent=305140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/categories?post=305140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/tags?post=305140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}