US-based Krause Group takes control of Parma soccer club

Parma has turn into the most recent Serie A crew with overseas possession after the U.S.-based Krause Team bought a 90% stake within the membership

PARMA, Italy — Parma become the most recent Serie A crew with overseas possession Friday when the U.S.-based Krause Team bought a 90% stake within the membership.

The Iowa-based Krause Team is “the guardian corporate for a various set of companies that come with comfort retail, logistics, Italian wineries and hospitality, actual property, agriculture, and football golf equipment,” in line with the corporate’s web site.

Parma, a two-time UEFA Cup champion within the 1990s, fell into monetary bother lately and had a chain of possession adjustments.

The crew was once dismantled in 2015 and needed to restart from Serie D. Parma returned to Serie A in 2018 and completed 11th ultimate season.

Parma opens this season by way of website hosting Napoli on Sunday.

“Parma are combatants and bouncing again from Serie D with 3 consecutive promotions in 3 years is a testomony to their resilience,” Krause stated. “As president I promise to struggle for them each and every step of the best way. I’m venerated to don the yellow and blue and play a small phase within the venerable historical past of this proud crew. I look ahead to rising the crew, the game, and its fandom in Parma, Italy, and the sector.”

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Extra AP football: https://apnews.com/Football and https://twitter.com/AP—Sports activities

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