In a show of love and support, Canadian rapper Drake became the unlikely saviour of Italian Serie A team Venezia FC when it was looking at filing for bankruptcy heading into the 2023-2024 season by helping raise US$40 million (RM177 million).
The Venice football club were on the brink of declaring bankruptcy after spending heavily to strengthen their squad during the 2022-23 season.
The club sold players and raised money from new investors, but it wasn’t enough and Venezia who were at the top of the league, were on the brink of bankruptcy.
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Failure meant a fall into Serie D if funding wasn’t raised.
In the midst of this crisis, an unlikely savior appeared. Brad Katsuyama, a Canadian businessman and co-owner of Venezia, reached out to Matte Babel, Drake’s chief brand officer and a close friend, for help.
Babel, speaking to GQ Italia, recounted the moment he received the urgent call. “I got a call from Brad, co-owner of Venezia and a good friend of mine.”
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