According to foreign media TMZ, Italy's famous Venice soccer club recently experienced a financial crisis and was on the verge of bankruptcy. However, this team got the global superstar at the crucial moment
Drake (name)
assistance that allowed the club to regain its footing.
Founded in 1907 and a mainstay of the Italian soccer scene for many years, Venezia was promoted to the top flight for the first time in two decades in the summer of 2021 when the club finally returned to Serie A. However, the club's high expenses have put it in debt and at risk of being relegated to the second division. However, the high cost of the top flight has left the club in heavy debt, and Venice are at risk of being relegated to the second division.
In this time of crisis, Brad Katsuyama, co-owner of Venice Football Club, turned to his friend, singer Drake, for help. In an interview with GQ Italy, Matte Babel, a member of Drake's management team and chief branding officer, revealed that the club needed to raise 10 million euros in a few weeks at the time and at least 30 million euros in a few months to avoid bankruptcy.
Drake and his team moved quickly to reach an agreement with the club within two weeks to raise the required funds. Ultimately, through North American investors, the club raised $40 million and Drake's involvement played a key role in this outcome.According to Matte Babel, "Drake's value to any soccer club is undeniable because of his global superstar status and brand influence."
The funding has not only helped Venice Football Club through financial difficulties, but has also enabled the club to bring in new players and invest in new facilities, which are expected to be completed by the 2027/28 season.
