Parma has been taken over by American
group Krause, Nuovo Inizio, the company that brought together
the local entrepreneurs who had control of the Serie A soccer
club, said on Friday.
It said that the Krause Group had bought 90% of Parma Calcio
1913 and 99% of Progetto Stadio Parma, the company created to
manage the revamp of the city's Stadio Tardini ground.
Parma is only the latest Italian top-flight club to go into
foreign hands.
AC Milan, AS Roma and Fiorentina are also under American
ownership, Bologna is owned by Canadians and Inter is controlled
by a Chinese group.
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