Italian Serie A club Cagliari Calcio is undergoing a significant shift in ownership – a group of U.S. investors, led by italian financier Maurizio Fiori, who lives in the US, has entered the club’s capital through the fund Praxis Capital Management.
Under the deal, the American side takes a qualified minority stake, roughly 40 % of the club’s share capital, while current president Tommaso Giulini remains in place, retaining operational and strategic control of the club.
The transaction is positioned as a long-term strategic move designed to strengthen the club’s institutional structure and accelerate its development. Among the key initiatives are the construction of a new stadium and the reinforcement of the organization’s infrastructure, with the new investors bringing not just capital but access to their global network. Maurizio Fiori, originally from Carbonia in Sardinia but long-established in the U.S. finance sector, is the public face of the investment group and will act as the channel between the American backers and the club’s management.
With Giulini still at the helm, the club’s day-to-day leadership remains in familiar hands – the move is as much about blending continuity with innovation as it is about injecting fresh resources. The new shareholders recognise the value in preserving the club’s cultural and operational identity while enabling a more international approach and expanded ambitions.
In practical terms, this means Cagliari will now be able to tap into additional funding, international expertise and potential commercial partnerships abroad. The 40 % stake provides the U.S. investors with a meaningful interest – sufficient to ensure influence – but keeps the Italian leadership firmly in charge of running the club’s footballing and business affairs.
Overall, the deal signals a turning point for Cagliari – the club is embracing global investment while remaining rooted in its local and Italian tradition. It’s a calculated step to elevate infrastructure, competitive potential and organisational capacity, without relinquishing the club’s heritage or governance framework.
