Parma President Tommaso Ghirardi's sale of Parma to a Russian-Cypriot conglomerate is to be formally announced today.

The businessman's sale of the Italian club had already been announced last week and the completion of the deal is now imminent.

According to La Gazzetta di Parma, Ghirardi met with the new buyers yesterday evening to iron out the last details and is moments from signing the new deal.

Parma President Tommaso Ghirardi's sale of Parma to a Russian-Cypriot conglomerate is to be formally announced today.

The businessman's sale of the Italian club had already been announced last week and the completion of the deal is now imminent.

According to La Gazzetta di Parma, Ghirardi met with the new buyers yesterday evening to iron out the last details and is moments from signing the new deal.

The names of the new owners had so far been kept secret, with no details revealed, apart from their nationalities. Their identity will be revealed before the end of the day.

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