NEWS
Saturday December 29 2018
Ex-Bolton owner in at Palermo

Ex-Bolton Wanderers co-owner and striker Dean Holdsworth has been confirmed as an advisor to the consortium that has bought Palermo.

It was announced on Saturday that Sport Capital Group Investments Ltd had completed its takeover of Palermo.

The consortium involves Clive Richardson, who was part of the Global Futures Sports venture that appeared to have already purchased the Rosanero.

However, former Bari and Sampdoria midfielder David Platt has not been retained as a consultant, with Holdsworth seemingly taking the reins.

A statement read: “Sport Capital Group Investments Ltd (a wholly owned subsidiary of Sport Capital Group Ltd) has today completed the acquisition of 100 per cent of the shares of US Citta di Palermo Spa, through the completion of previously announced preliminary contract dated November 30.

“At a shareholders’ general meeting of US Citta di Palermo Spa a new board of directors shall be nominated, with Clive Richardson as president, Emmanuele Facile as Chief Executive and John Treacy as third director. The new board and group of senior football advisors led by Dean Holdsworth will be working on plans for the remainder of the 2018-19 season with the current management team.

“Sport Capital Group Investments Ltd will in the coming days be calling a shareholder meeting to increase its share capital to up to €20m.”

The 50-year-old scored 193 goals in 610 appearances throughout his playing career for the likes of Brentford, Wimbledon and Bolton, the latter of whom made him their record signing in 1997.

He returned to Wanderers in 2016, jointly leading a consortium to pull the club back from the brink of administration.

The Lancashire club returned to the EFL Championship a year later, but Holdsworth soon resigned from their board after what The Bolton News describes as ‘a series of highly-publicised fall-outs and the liquidation of his Sports Shield BWFC company’.

Palermo, meanwhile, were relegated from Serie A two seasons ago but currently lead Massimo Cellino’s Brescia by three points at the top of Serie B.

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