ASM Global has been picked to co-manage operations, run the commercialisation, and oversee the development of a new arena in Cantù, Italy.
The nearly 6,000-seat facility, which will be completed in late 2023, extends ASM’s geographic footprint to Italy.
Once completed, the arena will be the new home of Pallacanestro Cantù, the professional basketball team in Italy’s Lega Basket Serie A (LBA) and one of the most successful clubs in Europe.
The entry into Italy continues ASM’s international market expansion. Already known for operating some of the most iconic and successful venues in the world like the Barclays Center in Brooklyn, The Globe in Stockholm, SSE Arena Wembley in London, and Qudos Bank Arena in Sydney, ASM will provide the Cantù facility the strength and depth of its sports and entertainment networks.
The arena will also benefit from ASM’s professional management services, operations assistance, market knowledge, building design support and planning expertise.
Including the addition of this new facility, ASM’s European portfolio currently consists of approximately 50 theatres, stadiums, equestrian centres and arenas.
Ron Bension, President and CEO of ASM Global, said:
Today we plant the flag in Italy, a region with incredible growth potential. ASM brings to Cantù the decades of expertise and world-class service that have made ASM the premier venue service company it is today. We are looking forward to building on our success and making the new arena one of the most recognized facilities in the region.
John Sharkey, executive vice president, Europe, at ASM Global, said:
The Cantù arena is but another example of ASM’s ability to help turn a great idea into reality. We were introduced to this project last year and even in the face of the COVID-19 pandemic we remained steadfast to get to today. I couldn’t be prouder of our team and our new Italian partners and I cannot wait to break ground.
The arena will be developed with the full support of Cantù Municipality by Cantù Next, a financial services and real estate development firm that will also provide most of the project’s funding.
In addition to indoor and outdoor training facilities for the basketball club, the two-tier facility will provide structural flexibility to allow for other sports and events, including expos, fairs, conventions, and corporate gatherings.
Umberto Gandini, president of LBA, added:
In locating the stadium in a central area surrounded by city and regional institutions, the new Cantù arena follows the path of other Serie A clubs, such as the new facility in Brindisi, home of New Basket, or the Segafredo Arena, which houses the Virtus Bologna and is located in the Fiera District.
Having the ability to find the energy and resources in a difficult season is an important sign that confirms the vitality and strength of our league.