Istituto per il Credito Sportivo
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Native name
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Istituto per il Credito Sportivo |
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| Ente di diritto pubblico con gestione autonoma | |
| Headquarters | Rome, Italy |
| Owner |
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| Parent | Ministry of Economy and Finances |
| Website | Official website |
Istituto per il Credito Sportivo is an Italian public bank which was under special administration by Banca d'Italia since 2011.
According to new articles of association passed in 2014 (that superseded 2005 version), the bank was majority owned by Italian Ministry of Economy and Finances (80.438%), Cassa Depositi e Prestiti (2.214%) and Coni Servizi (a company owned by Ministry of Economy and Finances but associated with CONI) (6.702%) as well as other private banks: UniCredit, Banca Monte dei Paschi di Siena, Intesa Sanpaolo, Banca Nazionale del Lavoro, Assicurazioni Generali, Banco di Sardegna and Crediop. the new articles of association recalculated the ownership ratio, making private sectors had owned just 11% capital of the bank. The articles of association was also modified in 1993.
The bank was specialized in sports venue, for example a €60 million loan to Juventus F.C. S.p.A. for its Juventus Stadium project; The institution also formed a preliminary agreement with Cagliari of €17.5 million for the proposed new stadium in Elmas, as well as negotiated with Bologna for the re-built of Stadio Renato Dall'Ara. The institution loaned €20 million to Calcio Catania for its Torre del Grifo Village project in Mascalucia, as well as factoring the sponsorship income with F.C. Internazionale Milano for €24.8 million, and A.C. Milan for €17.5 million (2011–14).
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