Tim Barton and JMJ Holdings Announce Intent to Purchase AS Bari Football Team

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Soccer Extreme : Texas-based JMJ Holdings announced today the intent to purchase the AS Bari football club from the Matarrese family. JMJ president and CEO Tim Barton has signed an exclusive agreement to buy the team pending due diligence over the next 30 days. Terms of the deal were not disclosed, however Vincenzo Matarrese will remain president of AS Bari until the transaction is complete. At that time, Mr. Barton will become president of the franchise.

Serie B leaders Bari have won promotion to Serie A on Friday night without even playing

“This is a fantastic opportunity,” said Barton. “The Bari fans are passionate about their team and with new management we hope to grow this franchise into one of the most successful and competitive in Europe. We have been working very closely with the family to ensure a smooth transition and both parties are supportive of a positive outcome for the team.”

Mr. 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. Alessio Mora, the Director of JMJ’s European operations, introduced Mr. Barton to the family and has acted as an intermediary for the deal.

“For all who have sent congratulations and warm greetings, we thank you,” said Barton. “We have received thousands of emails and the warmest welcome from the fans and the city. We hope the next 30 days will just be a formality and that we can close this transaction by the end of September and begin a new tradition for AS Bari.” (fresnobee)

Timothy L. Barton Timothy L. Barton
Founder, President, Chief Executive Officer
JMJ Holdings

Timothy Barton has consistently exhibited an ability to produce investment strategies that are both imaginative and highly lucrative. As CEO of JMJ Holdings, Mr. Barton creates an atmosphere in which a confluence of business acumen, capital and world-class design flourish and resounding success is the reliable corollary. In recent years, Mr. Barton is responsible for closing over two-billion dollars in transactions and is known for his ability to seek out opportunities and structure deals in a manner that optimizes returns for the company and its investors.

Mr. Barton's experience began with his family's real estate business in Connecticut; however, he soon moved to Texas where he formed JMJ Holdings and began to specialize in large-tract land developments. Additionally, he has started and sold four businesses, including one of the largest telemarketing companies in the United States and a direct marketing computer supply company. Mr. Barton was also the founder of Allegiance Capital, a premier investment banking house in Dallas, TX. His experience in identifying uniquely valuable opportunities for clients has garnered accolades throughout the industry and continues to gain global recognition as more projects are accrued. Its clear that Mr. Barton is carving a niche for both himself and the company that is significant in both development and hospitality sectors of real estate industry.