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Italian billionaire eyeing off Newcastle Jets


An Italian billionaire is believed to be a highly-interested party in taking over ownership of the Newcastle Jets.

According to the FTBL website, Danilo Iervolino, an entrepreneur who founded online university UniPegaso in 2006, boasts plans to invest in up to four organisations outside his native country.

It’s believed the 45-year-old, the owner of Serie A organisation US Salernitana 1919, is looking to build a portfolio of clubs across various jurisdictions.

A $10 million figure has been flouted by FTBL for the sale.

But, he faces competition for the Hunter A-League outfit from a US consortium as well.

Iervolino started UniPegaso at age 28 and grew it to become the largest in Italy, serving more than 120,000 students.

He sold his company Multiversity, which includes UniPegaso, to private equity firm CVC Capital Partners for $1.3 billion in October 2021.

FTBL reports he is a long-time student of football, ploughing more than $100 million into the club he saved from Serie A expulsion two year ago.

“The owners-in-waiting have already communicated to coach Rob Stanton their desire to hold onto to core performers such as Phillip Cancar, Lucas Mauragis, Clayton Taylor and Mark Natta, while focusing on beefing up the club’s youth development structures,” it stated.

Currently, the Jets are under the control of benefactors Sydney FC, Western United and Western Sydney Wanderers, who have funded Newcastle since January 2021.

In-form keeper Ryan Scott last week threw his support behind any new proprietorship bid.

“It would be great for the Jets, especially to have owners who are keen to come on board and help the club and playing group,” he told the Newcastle Weekly.

“Hopefully, it comes to fruition.

“We know there’s a bit going on in the background, however we’re just focused on playing games and winning games.

“I guess the more matches we can win, it’ll make the sale go through easier.

“If you’re sitting at the bottom of the ladder, you mightn’t seem lucrative.

“However, if we can get up the table – while the girls are also travelling well – maybe any prospective owner can see we’re all heading in the same direction.”

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