Rocco B. Commisso completes purchase of ACF Fiorentina

Rocco B. Commisso completes purchase of ACF Fiorentina

06/06/2019 13:34


Rocco B. Commisso is the new owner of ACF Fiorentina after his purchase of the club was completed in Milan on Thursday.

“I’ve always been a fan of Italian football and there are no words to describe how incredibly honoured I am to have the opportunity to help write the next chapter in the history of such a legendary club as Fiorentina,” said Commisso.

“Florence is known around the world as the city that represents the best of Italian culture. Over the past three years in which I’ve been in contact to buy the club, I’ve built up a deep understanding of just how important ‘La Viola’ is for this city and its fans.

“I would like to thank the Della Valle family for running Fiorentina for the last 17 years. Diego and Andrea deserve great credit for saving this club from financial ruin. They leave solid foundations to build the club upon.”

Diego and Andrea Della Valle also released a statement.

“A new adventure begins for Fiorentina that we hope can bring great happiness to all, particular to the true fans and the city of Florence, with which we will always have a bond,” they said. “Of the several offers we received, we chose not the one that was most advantageous to us from an economic perspective, but the offer that we believe does most to guarantee a solid and exciting future for the club, considering the knowledge and skills Rocco Commisso already has in the world of football. We wish Rocco and those that will follow him on this adventure the best of luck and give our thanks to all the people that have worked with us and done their best for Fiorentina over the last 17 years.”

Rocco Commisso is the president and CEO of Mediacom Communications Corporation. Set up in 1995, the company purchased and upgraded cable systems in parts of the USA with poor coverage. In 2000, Commisso successfully floated Mediacom on the stock market, paving the way for the company to quickly become the fifth-largest cable TV provide in the USA, with 4,500 employees serving nearly 1.4 million customers across 22 states. In 2011, Commisso bought back the shares of the company, making it a privately owned company once more. Mediacom now generates annual revenue of around $2 billion and is owned exclusively by Commisso and his family.

In January 2017, Commisso acquired the majority stake in the New York Cosmos, becoming club president of the best-known US football team in the world. From its beginnings at Yankee Stadium in 1971, the iconic club has won a record eight championship titles and brought in some of the greatest global football stars, including Pele, Franz Beckenbauer, Giorgio Chinaglia, Carlos Alberto, Johan Neeskens and, more recently, Raul and Marcos Senna.

Commisso’s bond with football stretches back more than 60 years, having started on the sandy beaches and streets of his hometown, Marina di Gioiosa Ionica, in the province of Reggio Calabria. In 1962, at the age of 12, he emigrated to the USA with his mother and two sisters to join up with his father and brother, who had moved to America in 1956.

In 1967, he finished school at the Mount Saint Michael Academy in the Bronx before being awarded a full scholarship to study at Columbia University. Commisso obtained a degree in Industrial Engineering and later an MBA from the Graduate Business School.
Commisso played for Columbia Lions between 1967 and 1970. He was a member of the freshman team that went the whole season unbeaten and served as joint captain in the 1970 side that reached the National Collegiate Athletic Association play-offs for the very first time. Commisso received three All-Ivy League Honors and was invited to trials for the 1972 USA Olympic team.

Commisso later played at semi-professional level in the New York area, spending 15 years coaching men’s teams and remaining an active collaborator on men’s and women’s football programmes at Columbia University. In the mid-1970s, he co-founded the Friends of Columbia Soccer Association, serving as president between 1978 and 1986. In 2013, Columbia recognised Commisso’s contribution to the university by naming the Baker Athletics Complex football stadium after him.

Commisso has received extensive recognition throughout his career, including his induction into the Broadcasting and Cable Hall of Fame and the Vanguard Award for Excellence in Leadership, the highest honour in the telecommunications sector. For his dedication to football, Commisso was honoured at the New York City Soccer Gala and inducted into the Hall of Fame of Columbia Athletics and that of Italo-American Sport.

Commisso is incredibly proud of his Italian origins and in 2018 was named as one of the Carnegie Corporation’s Great Immigrants, as well as receiving the Ellis Island Medal of Honour, the Italian Exponents Group Award and the Foreign Policy Association medal.

For more information:

Community

Auro Palomba: +39 02 89404231
Roberto Patriarca: +39 335 6509568
roberto.patriarca@communitygroup.it

ACF Fiorentina

Alessandro Ferrari: +39 055 5030185
aferrari@acffiorentina.it

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