$250 million worth Drake RESCUES Italian club Venezia from bankruptcy

Drake bails out historic Italian club out of bankruptcy to lead them back to glory as Serie A is all set to roll in a week.

$250 million worth Drake RESCUES Italian club Venezia from bankruptcy

Drake has emerged as a messiah for Venezia FC, image courtesy: X

Iconic musician Drake has emerged as a messiah for historic Italian club, Venezia FC as he has raised $40 million to keep the club afloat. Not only did he just garner the money for the club to keep on sailing despite being on the cusp of bankruptcy, but he also helped them sign a sponsorship deal with his NOCTA line at NIKE.

As per GQ Italia, the Canadian rapper proved to be a pivotal source to ensure the fact that the club wasn’t relegated to Serie D, the fourth division of Italian football. Drake pulled this off while working all the way alongside Venezia co-owner, Brad Katsuyama to raise the aforementioned sum and ensure the fact that the legacy-rich outfit in Italy continued to deliver.

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The rapper and a group of North American investors stepped in earlier this year to remedy the situation, and by the end of the season saw the team achieve promotion back to top flight football in Serie A.
Matte Babel, who works on Drake’s management team, revealed to GQ Italia

Katsuyama underscored the value that Drake brought to any football side, emphasizing the global reach and stardom of the rapper. Katusyama further pointed out that this confluence of culture and sports is exactly where Venezia ought to be. He was also tickled by the sponsorship deal with NOCTA, shedding light on how incredibly valuable it is going to be for the club.

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A sneak peek into the history of Venezia FC

Venezia hails all the way from Venice, one of the most beautiful and idyllic cities of the world. Been around since their inception in 1907, Venezia has spent 38 seasons in Serie B and 13 seasons in Serie A. The 2021-22 season saw the club regaining promotion to the elite division of Italian football for the last time but finished in the last position with just six wins and nine draws.

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Venezia FC, image courtesy: X

It was back in 1941-42 that the club had their best finish in Serie A where they came third. With a return back to Serie A, they will be starting their season with a clash against Lazio who finished seventh in the last edition of the tournament with 18 wins and seven draws.

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