U.S. investors near deal to buy Italian club AS Reggina 1914

Matt Rizzetta's firm, Underdog Global Partners, is set to purchase AS Reggina 1914, a club currently in Serie D. The deal is expected to close this month and aims to revitalize the club, which previously played in Serie A. Involvement from Kelly Ripa and Mark Consuelos has been confirmed, as the couple co-owns another Italian team, Campobasso. Rizzetta plans to leverage infrastructure investments in Reggio Calabria to enhance the club's prospects and aims for a return to Serie A within five to seven years. Discussions are also ongoing for a potential acquisition of Serie A team SSC Napoli.

• 9:41 PMYahoo Sports — U.S. Investors Target Wrexham-Style Turnaround with Italian Soccer Club