Italian Club, Palermo Sold For 10 Euros To London Company

Must Read

We’ll Hold Oshiomhole, Sylva Responsible If Anything Happens To Mary Odili: Wike

Following the Supreme court judgment that sacked David Lyon of the All Progressive Congress as governor of Bayelsa state...

Medical Experts Confirm Chloroquine Is Effective Cure For Coronavirus

Finally, people around the world can breathe relief as a new experiment has confirmed that chloroquine phosphate, an antimalarial...

Man Kidnaps ‘Racist Woman’, Forces Her To Watch Movie About Slavery

52-year-old Robert Lee Noye popularly known as “the black guy in town" has been arrested by the police in...

Lassa Fever: Lagos State Identifies Victim In LASUTH

The Lagos Ministry of Health has identified the state’s index Lassa fever patient as an indigene of Ebonyi who...

Customs Intercepts 1,393 Bags Of Rice Hidden In Gas Cylinders

The Nigerian Customs Services have intercepted 1,393 bags of rice concealed in gas cylinders in Ogun State between  February...

Palermo have been sold to a “London-based company” for the price of 10 euros (£8.75), the Italian second division side’s owner has announced.

Maurizio Zamparini said he has sold “100% of the club” at a “symbolic price”.

Zamparini, 77, bought Palermo in 2002 and last year stepped down as president. However, his replacement resigned as a takeover fell through.

He made around 45 managerial appointments during his time in charge.

Zamparini said he was “profoundly sad” to finally be leaving but is “thinking of the club’s future”.

In an open letter to fans, he added: “The objective for some time has been to find someone to continue my work with more financial power, capable of investments that I was no longer able to make.

“The new London-based owners will put into action the construction of the stadium and training ground.

“I have, with a lump in my throat, signed my departure.”

When Zamparini took over, Palermo had not been in the Italian top flight for 30 years.

They returned to Serie A for the 2004-05 campaign and competed five times in the Uefa Cup and Europa League under his ownership.

Players such as Edinson Cavani, Paulo Dybala and Javier Pastore featured during the years before relegation to Serie B in 2013-14.

They returned immediately to the top flight as second division champions, but were relegated again in 2016-17.

Palermo are currently top of Serie B, three points clear of Pescara.

- Advertisement -
Ad ==> Discover how a young Nigerian graduate now makes a consistent 40k per week doing a legitimate online business. You too can start yours now, click here!!!

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More Articles Like This

- Advertisement -