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Former Juventus president Agnelli launches sports investment fund Gamma Waves

April 24 (Reuters) - Andrea Agnelli, the president of Serie A football club Juventus  JUVE.MI for 12 years until 2022, has launched capital fund Gamma Waves to invest in sports-related intellectual property and technology, the company said in a statement on Friday.

Gamma Waves is based in the Netherlands and was co-founded by Agnelli, former Juventus player and European champion Giorgio Chiellini, and Rocco Benetton, heir of the Italian family behind the global fashion brand.

Gamma Waves plans to invest in sports competitions, clubs and athletes, as well as in growth-stage sports technology companies

It will also focus on data analytics and AI-automated content production investments

Gamma Waves has received 55 million euros ($64 million) of firm funding commitments out of its 100-million-euro target, the Financial Times reported

The company declined to comment on the initial funding when contacted by Reuters

Agnelli resigned as Juventus chairman in 2022 following an accounting scandal linked to player trading and salary payments

Between 2010 and 2022, Juventus won Italy’s Serie A football league nine times and finished twice as runners-up in the UEFA Champions League

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(Reporting by Mirko Miorelli, Romolo Tosiani, editing by Milla Nissi-Prussak)

((Mirko.miorelli@thomsonreuters.com))

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