Italian football club Palermo has been sold to a “London-based company” for the price of 10 euros (£8.75), the Italian second division side’s owner has announced.
The owner in an open letter to fans announced how very sad he is about the announcement , he added: “The objective for some time has been to find someone to continue my work with more financial power, capable of investments that I was no longer able to make.
“The new London-based owners will put into action the construction of the stadium and training ground.
i have with lump in my throat signed my departure.

The club has been known to brew star players such as Edinson cavani , Paulo Dybala, and javier pastore.

The new London-based owners will put into action, with the help of industrial associations, the necessary activity for the construction of the stadium and training ground.

“I am sad to have been depicted in the media as someone that I am not, as my entire life shows I am an extremely honest, fair, socially active and generous person.

“With profound sadness and a great deal of affection, I salute you.”

During Zamparini’s ownership the club returned to Serie A after a 31-year absence in 2004. He also made more than 40 managerial appointments during his time in charge.

They returned to the top flight as second division champions the following season, but were relegated again in 2016-17.