29 December 2018 - 13:33

CLUB STATEMENT

CLUB STATEMENT


US Città di Palermo can confirm that Sport Capital Investments Ltd (a wholly owned subsidiary of Sport Capital Group Ltd) has acquired 100% of the club’s shares from Maurizio Zamparini through the completion of the preliminary contract dated 30 November.

The new board of directors will be composed of Clive Richardson as President, Emanuele Facile as Chief Executive and John Treacy as third director.

Sport Capital Group Investments Ltd will be calling a shareholders' meeting in the coming days to increase the share capital to up to €20m.

The new board thanks the previous owner for the excellent results achieved and for welcoming the plan to develop Palermo as presented by the new shareholders. With the support of a group of football advisors lead by Dean Holdsworth, the board intends to immediately start work on plans for the remainder of the 2018/19 season with the current management team.

Further communications relating to the future governance structure of the club and next steps will be made by the Company’s press relations team in due course, once all the legal aspects of the purchase have been completed.


Clive Richardson

President

U.S. Città di Palermo

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