City Football Group (CFG) have acquired a majority stake in Italian club Palermo. Now operating in Italy's second division - Serie B - Palermo are CFG's 12th addition to their portfolio.
Manchester City are their main focus, but the likes of New York City FC and Girona have also benefitted from their investment on and off the pitch.
CFG'S chief executive, Ferran Soriano, has been discussing the purchase and what they hope to bring to the football club in the future.
As reported by Business Live, he said: "Palermo is a great and historic club with a strong and proud identity. ALSO READ: Man City announce Kalvin Phillips signing and confirm midfielder's shirt number We will work with Dario Mirri to continue his outstanding work to grow Palermo sustainably over the years ahead.
Read more on manchestereveningnews.co.uk
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.