Italy: City Football Group acquires Palermo FC (promoted to the Serie BKT), its 5th club in Europe
City Football Group, an investment company specialised in football (clubs, infrastructure, start-ups, etc.), has acquired a majority stake in Palermo FC (promoted to the Serie BKT after the 2021-22 Serie C playoffs), announced both parties on 04/07/2022. CFG are said to have obtained 80% of the club's capital for €13m (excluding bonuses)...