Recently relegated Palermo has announced a change in ownership, with American-born Paul Baccaglini to take over the Sicilian club from Maurizio Zamparini by the end of the month. A statement on Palermo’s website says Baccaglini and Zamparini met Tuesday and closed the deal following a positive outcome of due diligence.
The club says “therefore the change in ownership, given the banking delays, will occur by June 30.” Palermo finished next-to-last in Serie A last month and will drop down to Serie B for next season. Having grown up in the United States, Baccaglini moved to Italy to pursue a basketball career and then became known as an Italian TV personality. Zamparini, who purchased the club in 2002, made 40 coaching changes during his 15 years in charge.
SOURCE: http://nationalpost.com
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