According to the Tasnim news agency, the Italian Sky Sports network, announced that the sports group City, the owner of Manchester City, has reached an agreement with the managers of the club to buy Palermo for 13 million Euros and intends to return Palermo to Serie A. Brought in a new executive staff.
Palermo, who were relegated to Serie D three years ago due to bankruptcy, have just been able to return to Serie B, and now City are hoping to take the team to the top level of Italian football.
Sky Sports Italia reports that the current president of the club, Dario Miri, held talks with the representatives of City Group yesterday (Thursday), which resulted in an agreement on the club’s sales figure and Miri retaining as a small shareholder, who will own 20% of the club. Had.
In addition to the € 13 million City will pay in the first round to buy Palermo, another € 2 million will be paid to the current club president, depending on the team’s performance in the coming seasons and their promotion to Serie A.
With the addition of Palermo, the number of football teams under City’s sports group will increase to 11. The group previously owned Manchester City (England – 14 years), Girona (Spain – 5 years), Lomol (Belgium – 3 years), Melbourne City (Australia – 9 years), Montevideo City (Uruguay – 6 years), Mumbai City (India – 3 years), New York City (USA – 8 years), Sichuan City (China – 4 years), Troy (France – 2 years) and Yokohama (Japan – 9 years).