sport news Manchester City owners complete £11.2m takeover of Serie B club Palermo trends now
Manchester City owners complete £11.2m takeover of Palermo as the City Football Group adds an ELEVENTH club to its rich worldwide portfolio and plans to resurrect the once-bankrupt side back to Serie A Man City's owners have added Italian outfit Palermo to their worldwide portfolio The City Football Group have acquired a majority stake in the Sicilian side Palermo, once a Serie A side, become the 11th club fully under the CFG banner
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Manchester City's owners have added Italian outfit Palermo to their extensive network of clubs.
The City Football Group announced on Monday they had acquired a majority stake in the Sicilian side, who won promotion to Serie B last season.
Palermo become the 11th club fully under the CFG banner after City, New York City, Melbourne City, Yokohama F Marinos, Montevideo City Torque, Girona, Sichuan Jiuniu, Mumbai City, Lommel SK and Troyes.