Former NYSE Chief Steps Into Precarious World of Italian Soccer
Venezia President Duncan Niederauer has the ambitious plan of turning the Venice club into a viable business.
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When Venezia FC sealed its return to Italy’s top soccer league after two decades, the team marked the achievement in May by parading through the city’s canals on a boat as fans unfurled banners from bridges. For American owner Duncan Niederauer, now comes the bigger challenge.
A former Goldman Sachs Group Inc. banker who served as chief executive of the New York Stock Exchange, Niederauer admits he’s on a steep learning curve as the club from Venice prepares to play in Serie A when the season starts next month. The plan is to turn Venezia into a sustainable commercial enterprise.