Reggiana Targeted for 100% Equity Buyout by Private Equity Fund
NXTPLAY Capital has submitted a commercial proposal to purchase 100 per cent of the equity shares in Serie C club Reggiana. Established in 2025 by Real Madrid goalkeeper Thibaut Courtois and Gonzalo Vila, the private equity vehicle is targeting full operational control of the Italian side to expand its international football portfolio.
The takeover framework remains subject to formal shareholder validation following initial market discussions reported by Sky Sport Italia. Reggiana owner Romano Amadei confirmed the existing dialog between the ownership group and the investment entity but noted that the board has not yet received a binding irrevocable offer to execute the share transfer.
Thibaut Courtois
playerNXTPLAY Capital Targets Full Operational Control of Reggiana
The proposed transaction seeks complete equity ownership of the Reggio Emilia-based club, positioning NXTPLAY Capital to integrate the team into its broader multi-club structure. The investment firm already maintains equity positions in French outfit Le Mans FC and Belgian side KRC Genk, reflecting a structured asset allocation strategy across European football leagues.
NXTPLAY Capital operates as a specialized private equity fund focused on sports infrastructure, media rights, technology, and consumer brands. The firm’s target profile centers on strategic development models, prioritizing youth academy development and local commercial optimization as core components of its operational thesis.
| Entity / Metric | Details / Financial Parameter |
|---|---|
| Bidding Entity | NXTPLAY Capital |
| Founders | Thibaut Courtois & Gonzalo Vila (Est. 2025) |
| Target Acquisition | Reggiana (100% Share Capital) |
| Existing Portfolio Assets | Le Mans FC (France), KRC Genk (Belgium) |
Board Governance and Competitive Valuation Framework
Reggiana’s equity structure remains under the control of current shareholders while the formal appraisal process proceeds. The board’s requirement for a binding, irrevocable bid ensures that financial guarantees and transactional solvency are established before entering exclusive negotiations.
“The shareholders await an irrevocable offer, accompanied by the necessary caution in the sale process,” stated Reggiana owner Romano Amadei.
If executed, the acquisition provides Reggiana with direct access to private equity capital, optimizing financial stability under Serie C spending parameters. The capital injection would support technical infrastructure, player pathway systems, and balance sheet sustainability designed to navigate domestic financial fair play regulations.