Several Italian media outlets reported on Thursday that the City Football Group, which owns dozens of clubs including Manchester City, is looking to acquire Palermo, who have just returned to the second division.
And Gazzetta dello Sport wrote that “negotiations for the sale of Palermo to the City Football Group are moving forward with great strides,” while Sky Sport believed that “a deal could be concluded in the coming days.”
She indicated that the president of the Sicilian club, businessman Dario Meri, could keep a small stake in the acquisition project, which has been discussed for several months. Meri was one of a group of investors who bought the club in 2019 after filing for bankruptcy and relegation to the fourth division. The club did not express its reaction to this news, having contacted Agence France-Presse.
Palermo, a club that played in the first division until 2017 and defended its colors, especially Argentines Javier Pastore, Paulo Dybala and Uruguayan Edinson Cavani, moved up to the third division in 2020 before reserving a ticket to the second division this season by defeating Padua in the playoffs.
City Football Group Foundation, an Emirati foundation, has full or partial control over 11 clubs, according to its website, including Manchester City, France’s Troyes, Spain’s Sporting Gijón, Belgium’s Lommel, New York City ”, Australian Melbourne City, Japanese Yokohama Marinos. and Chinese Sichuan Junio.
