Manchester City Football Group (CFG) Have Acquired A Majority Stake In Italian Club Palermo. Palermo is CFG’s 12th entry to their portfolio and is currently playing in Serie B of Italy.
Their major priority is Manchester City, although other teams like New York City FC and Girona have benefited from their investments both on and off the field.
Ferran Soriano, the chief executive of CFG, has spoken about the acquisition and what they intend to offer going forward to the football team. Business Live quoted him as saying: “Palermo is a renowned and historic club with a strong and proud identity.
Manchester City Football Group (CFG) Have Acquired A Majority Stake In Italian Club Palermo. In the coming years, we will collaborate with Dario Mirri to build on his exceptional efforts to sustainably expand Palermo. This is a really unique club, and it will be our job to enhance all the qualities that make it unique while continuously enhancing performance both on and off the field.
“Italy is one of the most exciting and passionate football-playing nations in the world, with a long history of national team and club success, ardent fans, and a pedigree of outstanding players. Our excitement over City Football Group’s expanded presence in Italy is contagious.