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Saturday, August 15, 2009

Serie A Side Bari in Talks with an American Firm, JMJ Holdings, from Dallas


Image courtesy of AS Bari.

SOCCER 2009 - Bari vs Parma

According to La Gazzetta dello Sport, after 30 years of ownership by the Matarrese family, AS Bari will be sold to an American firm, JMJ Holdings, of Dallas, Texas. The CEO of JMJ Holdings is Mr. Timothy Barton, and their primary business is real estate and luxury hospitality management.

BARI - Dopo piu' di 30 anni finisce il legame tra la famiglia Matarrese e il Bari calcio. Gli imprenditori di Andria (Bari) cedono la squadra a una cordata di "colleghi" che sbarcano in Puglia anche dagli Stati Uniti. Oggi si e' tenuto l'incontro tra Salvatore Matarrese, rappresentante della societa' neopromossa in A, e Alessio Mora, advisor della holding interessata all'acquisizione del Bari Calcio ed entrambe le parti hanno fatto sapere di aver raggiunto l'intesa. La societa' interessata alla operazione e' la texana JMJ Holdings con a capo Timothy Barton. (RCD)
"After more than 30 years, the ties between Bari Calcio and the Matarrese family have finished. The holders from Andria (Bari) are ceding the team to a group of 'colleagues' that arrived in Puglia from the United States. Today a meeting was held between Salvatore Matarresse, representative of the newly promoted Serie A side, and Alessio Mora, advisor to the holding company interested in the acquisition of Bari Calcio. Both parties have made it known to have reached an agreement.

The interested company is JMJ Holdings of Texas headed by CEO, Timothy Barton."
Italian Source: La Gazzetta dello Sport, 6 August 2009.

AS Bari Confirms Due Diligence Process

"La trattativa prosegue e sarà definita con la sottoscrizione degli atti dopo la conclusione della “due diligence” che la società interessata all’acquisto intende portare a compimento entro il prossimo 18 agosto."
"The deal continues and will be settled by the underwriting of the deeds (they may mean shares) after the conclusion of due diligence that the firm interested in the acquisition intends to bring to fulfillment by next August 18th."
Italian Source: AS Bari, 6 August 2009.

After eight seasons in Serie B, Bari won promotion back to the Serie A in May. They were managed by former Juventus legend, Antonio Conte, who surprisingly cut his ties with the club in the close season after winning the Serie B championship.

First American Ownership in Serie A

If this deal is consummated, it would mark the first American company to own a Serie A side. John Elkann, the Vice President of FIAT and Chairman of Exor, the holding company that controls Juventus, was born and raised in New York City.

Speaking of Bari, Antonio Cassano began in their youth ranks before his lucrative transfer to AS Roma.

On a personal note, the Amoia family hails from Giovinazzo, which is a stone's throw from Bari on the southeastern Adriatic coast.

Best wishes to Mr. Barton and AS Bari.
About Associazione Sportiva Bari, S.p.A.
  • Founded in 1908
  • President: Vincenzo Mattarese since 1983
  • Colors: Red and White
  • Nickname: i Galletti (The cockerels)
  • il Mister: Giampiero Ventura
  • Venue: Stadio San Nicola (St. Nicholas is the patron Saint of Bari.)
  • Capacity: 58,000
Hat Tip

To Jim Riggio, editor of the Los Angeles based L'Italo-Americano, for bringing this to my attention.

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