Parma on verge of being sold to Russian-Cypriot conglomerate

MILAN (Reuters) - Serie A club Parma are close to being sold to a Russian-Cypriot conglomerate, a club director said on Sunday.





"The president (Tommaso Ghirardi) informed us this morning that talks have intensified," Parma managing director Pietro Leonardi told Italian media before the game against Lazio.

"President Ghirardi has been working on this deal for a few weeks now and he told us that things have speeded up in the last few hours."

"We were told that there is a new vice-president who istaking care of the last details so that the deal can become official." Ghirardi took over at Parma in January 2007, only to see the 'Ducali' relegated to Serie B for the first time in eighteen years.

Parma returned to the top flight in 2008/09 and finished an impressive sixth last season under former Italy coach Roberto Donadoni, although they were barred from taking part in the Europe League because of overdue payables.

If the sale goes through, Parma would become the third team in Serie A to come under foreign ownership after AS Roma and Inter Milan. Parma, beaten 2-1 at home by Lazio on Sunday, are bottom of Serie A with two wins and 12 defeats in 14 games.





(Editing by Brian Homewood)


Share

2 min read

Published

Updated

Source: Reuters


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world