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American Paul Baccaglini's Palermo takeover called off by Zamparini

By: Ben Gladwell

Paul Baccaglini has told Palermo fans he hopes to become the club's owner one day after negotiations to take over from Maurizio Zamparini broke down at the weekend. U.S.-born Baccaglini was named as Palermo's new president in March, but continued delays to the arrival of funds to complete a takeover saw Zamparini lose patience.

He called off the deal and demanded that Baccaglini step down as president. Zamparini, who still hopes to sell the club -- relegated to Serie B last season -- claimed Baccaglini had been wasting his time.

Source: http://www.espnfc.com

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