When an Italian soccer club was staring down bankruptcy, an unlikely hero showed up at Venezia FC’s doorstep ready to lace up his shinguards. According to GQ Italia , Drake played an integral role in helping raise $40 million for the Venice soccer club to stay afloat in Serie A. The franchise was looking at filing for bankruptcy heading into the 2023-2024 season and possibly being demoted to the lowest Serie D with a poor performance.
“I got a call from Brad Katsuyama, co-owner of Venezia and a good friend of mine,” said Drake’s CBO Matte Babel, who also works in management. “He laid out the problem to me in a simple way: Venezia has to raise €10 million in a couple of weeks, and then at least €30 million in a few months, or the club will go bankrupt.” See latest videos, charts and news See latest videos, charts and news Babel gave Drake a call and the ball was immediately rolling to help Venezia FC get back on its feet.
It only took two weeks to raise the money needed to hang up the phone on bankruptcy thanks to Drake and his team mobilizing efforts. Billboard has reached out to Drake’s reps for comment. “Venice is an incredible city and Venezia has always been a special club.
I spoke to Drake, then Brad and I discussed the details of how we could help. Within two weeks we had a deal, raised the money needed to pay the salaries and avoid bankruptcy.” GQ Italia continues to report that the $40 million came from a group of North American investors and hea.