Manchester City owners take over Serie B side Palermo

Manchester City’s owners have acquired a majority stake in Italian Serie B side Palermo, making them the 10th club linked to the Premier League champions.…

Tue, 5 Jul 2022 0:01:18 WAT

Manchester City’s owners have acquired a majority stake in Italian Serie B side Palermo, making them the 10th club linked to the Premier League champions.

Palmero, who were in Serie A in 2016-17, have won two promotions in three seasons having dropped to the fourth tier after going bankrupt.

The City Football Group owns 11 clubs. The others are New York City, Melbourne City, Yokohama F Marinos, Montevideo City Torque, Girona, Sichuan Jiuniu, Mumbai City, Lommel SK and Troyes.

CFG chief executive Ferran Soriano said: “Palermo is a great and historic club with a strong and proud identity.

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