Andrea Iervolino Acquires Ownership Stake in Miami FC, Confirming Club Valuation at $56 Million

May 05, 2023 693

BY: Kelly Wilson Wallace

Andrea Iervolino, a prominent entrepreneur and film producer, announced today that he has acquired an ownership stake in Miami FC, a professional soccer club based in Miami, Florida. This strategic investment also confirms the valuation of Miami FC at $56 million. 

The acquisition of an ownership stake in Miami FC by Andrea Iervolino underscores his commitment to diversifying his investment portfolio and expanding his presence in the sports industry. Miami FC, known for its passionate fan base and competitive play, is a prominent team in the United Soccer League (USL), a professional soccer league in the United States.

"I would like to thank President Riccardo Silva for giving me the opportunity to join his club’s stakeholders and extend my congratulations on the successes the club is having," said Mr. Andrea Iervolino. "Soccer is a global phenomenon, and I believe Miami FC has tremendous potential for growth. This partnership aligns with my strategic vision of investing in high-potential opportunities, and I look forward to contributing to the club's success."

The partnership between Andrea Iervolino and Miami FC is expected to bring mutual benefits to both parties. Andrea Iervolino will leverage his entrepreneurial expertise and global network to support Miami FC's brand development, fan engagement, and overall growth strategies. Miami FC, in turn, will benefit from Andrea Iervolino's industry knowledge, resources, and strategic guidance to further elevate its operations and reach.

"We are thrilled to welcome Andrea Iervolino as a strategic partner in Miami FC," said Mr. Riccardo Silva, President and major shareholder of Miami FC. "His investment is a testament to the hard work and dedication of our team. With Andrea Iervolino's support, we are confident in our ability to achieve our goals and take Miami FC to new heights."

The acquisition of an ownership stake in Miami FC by Andrea Iervolino not only strengthens his commitment to the sports industry but also confirms the valuation of Miami FC at $56 million, positioning the club for continued success in the competitive soccer landscape.

About Andrea Iervolino

Andrea Iervolino is a prominent entrepreneur and film producer, known for his success in the media and entertainment industry. He is the CEO of ILBE, a global production company with a diverse portfolio of films, TV shows, and digital content. In addition to ILBE, Andrea Iervolino is the founder and CEO of Tatatu, the first social media and entertainment app to reward users for spending time on its platform. About Miami FC Miami FC is a professional soccer club based in Miami, Florida, competing in the United Soccer League (USL). The club was founded in 2015 and has since gained a strong following among soccer fans in Miami and beyond. Miami FC is known for its rich history, talented players, and commitment to excellence on and off the field.

About The Miami Football Club

The Miami Football Club is Miami’s longest-tenured professional soccer club, owned by Silva International Investments’ owner Riccardo Silva. Ahead of the 2020 season, the club joined the United Soccer League's The Championship, one of the most successful professional soccer leagues in the world, reaching a population of more than 84 million and fueling the growth of the game across North America. 

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