Texas-based JMJ Holdings is close to purchase the AS Bari football club from the Matarrese family. JMJ president and CEO Tim Barton has already signed an exclusive agreement to buy the team pending due diligence over the next 30 days.
The takeover of AS Bari marks only the beginning of JMJ's italian venture. Barton said he first heard the team was for sale when he was in southern Italy on a business trip to develop environmentally friendly energy investments a few months ago.
JMJ Holdings, founded in 1990 by CEO Tim Barton, is a real estate firm engaged in the acquisition, development, management and advisement of luxury real estate assets on a global basis. Since renewable energy offers high returns, like many other international real estate firms and investment funds, JMJ is on the search for green energy projects and investment opportunities.
Barton mainly focuses on photovoltaics in Apulia. He sees "photovoltaic installations on every rooftop in the city of Bari."
Conclusion: International financial crisis has not only slown down project developments in Italy but also brought harsh market conditions to solar industry. Thus we definitely need more courageous entrepreneurs like Barton, equipped with visions and the necessary capital.
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