Serie C1a side Genoa have announced record pre-season profits of €12m. The club, who in recent seasons have suffered relegation from Serie A and Serie B, made the statement to the LegoDAQ markets today and shares in the club rose 18%. The majority shareholder and president of the club, Mr Cadbury, said that he will use some of the profits to invest in new talent.
Genoa’s relegation to the third tier of Legoland football saw the club sell off many of it’s prize assets in the summer. The departures included that of Eland international Wayne Rooney whose switch to Plasticland United brought in €7m to Genoa’s bulging coffers which are now believed to be close to €18m.
One negative note however has been the dramatic drop in attendances at Genoa’s Luigi Ferraris stadium but Mr Cadbury claimed that once promotion to Serie B is reached the fans will come back again.