Cagliari Calcio appears on the brink of a historic change in ownership as negotiations near completion with an Italian American investment group led by Italian entrepreneur Maurizio Fiori.
Maurizio Fiori graduated with honors from Washington State University. The Sardinian entrepreneur, originally from Carbonia and born in 1972, built his career in the United States after relocating there in 1990, achieving significant professional milestones. He is Managing Director of Praxis Capital Management, a global hedge fund based in Chicago, and is now returning to invest in his homeland.
After steadily increasing their stake in the club, Fiori and his partners now control 49% of the shares, following a recent acquisition of an additional 29%. Under the terms being finalized, current majority owner Tommaso Giulini is expected to reduce his holding to just 20%, effectively exiting the club’s ownership structure.
The deal marks the beginning of a new chapter for the Rossoblù, symbolizing a growing international footprint and a fresh strategic vision. Though formalities are still being wrapped up, sources close to the negotiations suggest that the Italian-American ownership group plans to cement its role at the helm of Cagliari’s future operations.
Despite the shift in ownership, it’s widely believed that Stefano Melis, the club’s general manager, will remain in his current position. Reports indicate that Melis may have been instrumental in bridging the connection between Giulini and Fiori, hinting at a strong level of mutual trust between the three executives.
One of the key questions facing new ownership will be the future of Cagliari’s long-awaited stadium project. While public funding has been allocated for portions of the development, it remains unclear whether the investment group’s resources will be sufficient to fully complete the build. Stakeholders and fans alike are watching closely for details on how the financing and construction plan will unfold.
For supporters, the transition represents both a departure from a familiar leadership era and the promise of renewed ambition. Bringing in foreign capital - particularly from investors with roots in both Italy and the United States - could open up new opportunities on and off the field.
As the agreement moves toward its official signing, anticipation is building around what this ownership shift will mean for the club’s competitive outlook, financial stability, and connection with the global football community.
