Another Serie A Club Has Been Bought By Americans
MILAN — Parma became the latest Serie A team to come under U.S. ownership when they were taken over by the Krause Group on Friday, the club said in a statement following a deal signed in Milan.
The group bought a 90 percent stake in Parma, which won three major European trophies during its heyday in the 1990s, was declared bankrupt in 2015 and returned to Serie A in 2018.
Nuovo Inizio, a group set up by local entrepreneurs which took over the club following its bankruptcy and relegation to the fourth tier of Italian football in 2015, will retain a 9 percent stake.