Palermo President Insisting Chinese Group Is Coming To Invest $223M

Serie A side Palermo President Maurizio Zamparini maintains a Chinese group will buy the majority shares of the club “within two months and will invest €200M” ($223M), according to FOOTBALL ITALIA. The patron had suggested a couple of days ago that the deal was worth €100M ($111M), "but has now adjusted the valuation." Zamparini said, "I am not selling Palermo to the Chinese. I am bringing the Chinese investors to Palermo. They would become majority shareholders with me as a minority investor. ... How much money do they want to invest? That is for them to decide: if they want Palermo in the Champions League, they need to put in €150 million to €200 million, if it’s for the Europa League €50 million and if they want to just survive in Serie A €20 million" (FOOTBALL ITALIA, 10/5).