Sam Grosso announced this morning via his Facebook page that he has sold his shares of legendary Toronto music club the El Mocambo to Elmo co-owner Marco Petrucci. Grosso and Petrucci purchased the legendary Spadina rock club from former owner Abbas Jahangiri last July.
Over the phone from inside his 1967 Cadillac Eldorado, Grosso told NOW that he’s giving up his stake in the Elmo to be able to spend more time with his three sons, one of whom is a Type 1 diabetic.
Grosso says that in the next few weeks, the Elmo will temporarily shut down in order to undergo extensive renovations, which will include a new kitchen. When it will reopen, he says, is “the million dollar question.”
Grosso will continue to work at the Cadillac Lounge, which he owns.
“I really love the El Mocambo. I hope nothing but the best happens to that place and that it continues to rock people’s world,” he says.
“I’ll be sitting there having a drink when it’s all said and done.”