Man City owners closing in on Palermo takeover

Manchester Metropolis’s homeowners Metropolis Soccer Group are closing in on a deal to buy the Italian aspect, Palermo. 

CFG representatives have flown to Milan for talks with Palermo’s president Dario Mirri and are anticipated to wrap up a full takeover within the subsequent few days as reported by Sky in Italy.

The group manifested their curiosity within the Sicilian membership earlier this yr and began talks over a possible deal in April. Extra talks and conferences are anticipated to happen within the subsequent days, however solely the final set of paperwork and paperwork is left to be ironed out.

Palermo completed third in Serie C final season, and on Sunday secured promotion to Serie B after beating Padova 2-0 in a two-legged play-off ultimate.

The membership had been taking part in within the prime flight as lately as 2017, however went bankrupt in 2019 and had been relegated to Serie D, the fourth tier of home soccer.

Palermo nurtured an array of expertise of their current historical past together with Edinson Cavani, Paulo Dybala, Javier Pastore, Andrea Belotti and Luca Toni.

CFG would make Palermo the eleventh membership of their steady, and the primary in Italy, with their flagship sides together with Man Metropolis in England, New York Metropolis within the USA, Girona in Spain, Lommel in Belgium and Troyes in France.

In addition they personal Montevideo Metropolis (Uruguay), Sichuan Jiuniu (China), Mumbai Metropolis (India), and a 20 per cent stake in Yokohama Marinos (Japan).