August 12th 2024.
The famous Canadian artist, Drake, has been praised for his role in saving an Italian soccer club from financial ruin. It was reported by GQ Italia that Venezia FC was facing serious financial difficulties and needed a significant amount of money to keep the club afloat. This is where Drake stepped in and became instrumental in raising the necessary funds to prevent the team from going bankrupt.
The situation was dire for Venezia FC before the start of the 2023-24 season. Despite their success on the field, the club was struggling with a large amount of debt. They had even resorted to selling player contracts and seeking new investors to try and alleviate the financial burden. However, these efforts were not enough to secure the club's future.
Fortunately, a single phone call changed everything for the better. Matte Babel, a member of Drake's management team and Chief Brand Officer, received a call from Brad, one of the co-owners of Venezia FC and a close friend of Drake. Brad explained the urgent situation to Matte - the club needed to raise ten million euros within a couple of weeks, and an additional thirty million euros in the coming months, or they would face bankruptcy. Matte knew how important Venezia was to the city of Venice and immediately brought the matter to Drake's attention.
Brad and Matte worked together to find a solution, and within two weeks, an agreement was reached. The necessary funds were raised, and the club was able to pay its debts and avoid bankruptcy. This stroke of luck off the field had a positive impact on the team's performance on the field as well. Venezia FC went on to win the playoffs against Cremonese, securing their spot in the league.
The ownership group was able to raise over $40 million in capital from a group of North American investors, thanks in large part to Drake and his team. As a result, an Operating Committee was formed to oversee the club's future direction, with the goal of transforming Venezia into a world-class team.
In light of this successful outcome, it's no surprise that Argentina's National Soccer Team recently poked fun at Drake for losing a $300,000 bet. After all, he was the one who helped save Venezia FC and set them on a path to success.
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