Serie A: Energy Ti becomes Parma FC sponsor and acquires 10% of club

Energy Ti, an energy company, became a sponsor of Parma FC (Serie A) and acquired 10% of the club on 29/04/2014. Energy Ti provides natural gas, electricity and services related to energy efficiency. The Italian company is also based in Switzerland and France.

The group will provide €25m over 10 years to the club, or €2.5m per year from 2014-15 to 2024-25. Energy Ti will have the status of official sponsor and will implement various marketing operations in conjunction with the club. "We are interested in a project related to the stadium, but that is only one of many initiatives that we want to pursue," said Robert Giulu, CEO of Energy Ti.

Parma FC are 7^th in Serie A after 36 matchdays with 54 points (14 wins, 12 draws and 10 defeats). They are 42 points behind Juventus, which are 1^st in standings and are already assured of the title.

• The company Parma Football Club SpA recorded a loss of €3.2m at the end of the 2012-13 season.