Palermo – as football romantics remember it and to which many were once attached – no longer exists. Specifically, the club, which was run for years by controversial businessman Maurizio Zamparini, went bust in 2019 due to accumulated debts because his son Andrea failed to reach an agreement on compensating them by offering 10 million euros, which was estimated as insufficient. Only a few days later, a “phoenix” or successor was created, which took over the coat of arms, the home at the Renzo Barbera stadium and the name of the Sicilian club.##EDITORS_CHOICE##Today, Palermo compete in Serie C, the third tier of competition in the pyramid of Italian club football, while Silvio Baldini conducts from the bench. Palermo, which created football aces such as Luca Toni, Edinson Cavani, Paulo Dybala, Javier Pastore, Andrea Belotti, Andrea Barzagli, Josip Ilicic and others, has long lost its recognizable charm, which is why it is not surprising that this version of the club will become a City Group branch and with it trying to find its place under the football sun.Italian transfer guru Gianluca di Marzio brings the continuation of the story from two weeks ago, that the City Group under the ownership of Sheikh Mansour bin Zayed Al Nahyan is now intensively negotiating the purchase of Palermo, and the whole story is close to the final phase.El City Football Group está en negociaciones avanzadas para comprar el club italiano Palermo por alrededor de 10M€. 🇮🇹 [ @DiMarzio ] pic.twitter.com/0UucUpG08M— El Tabloide Inglés (@Tabloide_Ingles) April 29, 2022 City Group is interested in Palermo regardless of the result this season, where they are currently playing in the playoffs for a higher ranking. Certainly, the people in this consortium hope that Palermo could start next season in Serie B with the ambition to be placed in the highest rank as soon as possible! For Arab billionaires, this transaction will be ‘pocket money’ because there is speculation about the price of 10 million euros.A reminder – the owners of Manchester City also own New York City (USA), Melbourne City (Australia), Yokohama Marinos (Japan), Montevideo City (Uruguay), Girona (Spain), Sichuan (China), Mumbai City (India), Lommel (Belgium) and Troyes (France). There was also talk of the acquisition of NAC Breda, which the fans of that club strongly opposed, while Palermo would be just another team in the growing City ‘family’.
