Luigi Ferraris Stadium major spruce-up plans



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70 million needed to renovate Genoa stadium Image: genova.republica.it

Circa 70 million will be required to redevelop the Luigi Ferraris Stadium in Marassi, Genoa, Italy, and make it compatible with the Union of European Football Associations (UEFA) standards in order to host EURO 2032.

‘Genova 24’ stated that of course, Italy will have to win the bid to host the UEFA showcase and Genoa will have to be declared as one of the Host Cities.

The Luigi Ferraris Stadium, also known as the Marassi from the name of the neighborhood where it is located, is a multiuse stadium in Genoa, Italy. The home of Genoa C.F.C. and U.C. Sampdoria football clubs, it opened in 1911 and is the oldest stadium still in use for football and other sports in Italy.

The Genoa Cricket and Football Club, commonly referred to as Genoa, is a professional football club based in Genoa, Liguria, Italy, that competes in Serie B, the second division of the Italian football league system. The Luigi Ferraris Stadium serves as their home pitch.

The Unione Calcio Sampdoria, commonly referred to as Sampdoria, is an Italian professional football club based in Genoa, Italy. The club was formed in 1946 from the merger of two existing sports clubs whose roots can be traced back to the 1890s, Sampierdarenese and Andrea Doria. It plays in Serie A, the top of the Italian football league system. The Luigi Ferraris Stadium serves as their digs.

Nyon (Switzerland)-based the Union of European Football Associations (UEFA) is one of six continental bodies of governance in association football. It governs football, futsal and beach football in Europe and the transcontinental countries of Russia, Turkey, Azerbaijan, Georgia, and Kazakhstan, as well as some Asian countries such as Israel, Cyprus and Armenia. UEFA consists of 55 national association members. Because of the 2022 Russian invasion of Ukraine, FIFA and UEFA has suspended all Russian national teams and clubs from any FIFA and UEFA competitions.

The 2032 UEFA European Football Championship, commonly referred to as UEFA EURO 2032 or simply EURO 2032, will be the 19th UEFA European Championship, the quadrennial international football championship organized by the UEFA for the senior men’s national teams of its member-associations.

‘Genova 24’ further stated that the strategy of the Municipality of Genoa, owner of the above facility, is well-defined: If Italy secures hosting rights of EURO 2032 and Genoa one of the Host Cities, the arena will be remodeled.

Put in Pietro Piciocchi, Deputy Mayor and Councilor for Public Works, “We have sent to the Ministry a hypothesis as regards the redevelopment project for the Luigi Ferraris Stadium keeping in consonance with the current legislation. The revamp project has been drawn out in tandem with Genoa C.F.C. and U.C. Sampdoria. The stadium is already a beautiful piece of architecture. It just has to be brought up to the standards of the spiffy stadia of today.”

Italy’s bid for EURO 2032 has the backing of the Italian Football Federation (FIGC) with the official support of the Government through a resolution approved by the Senate Commission. If Italy secures the hosting rights and Genoa is declared a Host City, it will pave the way for the total transformation of the above venue. There are no plans to pull down the stadium or go in for reconstruction, but to redecorate the arena – maintaining the highest standards of safety, cushy seats, crème de la crème offerings for fans, and making the facility mixed-use.

Several studies have been carried out in recent years as regards the venue rejig. The new owners of Genoa C.F.C. – the 777 Partners fund – had commissioned one study conducted by the celebrated design firm Populous.

On September 23rd, 2021, it was announced that Genoa had been acquired by 777 Partners, a US-based private investment firm founded by Steven W. Pasko and Josh Wander. While terms were not publicly released, sources close to the deal revealed that the team was acquired for its enterprise value of $175 million.

Averred Piciocchi, “If Italy gets the hosting rights of the UEFA show, and Genoa is declared as a Host City, monetary contributions will definitely flow in from the public with the two clubs contributing through a deal connected to the extension of their lease agreements for the stadium, which is owned by the Municipality of Genoa.”

Added Piciocchi, “The redevelopment of the stadium is one of our primary objectives. Both Genoa C.F.C. and U.C. Sampdoria have evinced keen interest in the rejig project.”

Of course, the makeover plans are only for the arena and not for the entire Marassi district. The redevelopment plans of Marassi district is also being contemplated with the Luigi Ferraris Stadium as the fulcrum.

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