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SBD Global/January 29, 2014/Franchises

Serie A Cagliari Owner Reportedly Negotiating A $96M-$109M Club Takeover

Serie A Cagliari Owner Massimo Cellino is "reportedly in talks with Qatar Sport Investments over a proposed takeover" of the club worth €70M-€80M ($95.6M-$109.3M), according to FOOTBALL ITALIA. Cellino, a Miami-based businessman, "has increasingly hinted at his discontent with life running the Isolani." Attention "has grown on what this means for Cagliari's future." Italian newspaper L’Unione Sarda on Tuesday ran "the line that talks are underway between Cellino and Qatar Sport Investments over a proposed takeover." It is reported that negotiations are ongoing for a "buyout of a majority of Cellino's shares" at a price set between €70M and €80M (FOOTBALL ITALIA, 1/28).
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