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.



https://www.thenewsguru.com/italian-club-sold-for-10-euros-to-london-company/

The owner want to be rid of the club for reasons best known to him
I think a couple of SE players played for them when they were still in serie A.

Unless the OP made a mistake,

Maurizio Zamparini literally "dashed" the club away.

Why?

10 what

serious

Heheheh... I for buy the club o

this club don cut my ticket taya

e good as de sell am...... my prayer don work

i don't believe this ...
well all this whites don't value their properties the way we do..

WTF!! I would have bought the club, then sold the stadium and players for a lot more

He obviously only did that so they won't see he is giving it out for free.

Parma were bit by worse years ago, if they can survive, I believe Palermo can.

He didn't tell me i would have bought it .

He sold it to himself maybe

Pls how much is 10 euro to naira

I for buy am now

.... Which kind FOOTBALL dem dey play ?

Abi na dis kind FOOTBALL wey dis man dey watch now

haha...Na so the club useless reach

10 Euros


Loss

Does the 10 euro include the stadium amd other buildings??

I for buy am na

OYIBO too much

Predator1:
Does the 10 euro include the stadium amd other buildings??

Nooo
Just the EMBLEM

This owner na mad man ! Abi I no see tha price wella nii?

He for do auction na!

Uhn

dominique:
The owner want to be rid of the club for reasons best known to him
I think a couple of SE players played for them when they were still in serie A.

Notably Makinwa

Where was I?