Friday September 18 2020
OFFICIAL: Krause Group buys Parma

Parma have officially announced the takeover by American tycoon Kyle Krause, who has acquired 90 per cent ownership of the Crociati.

The Emilian club announced that Krause is the new majority shareholder of Parma Calcio.

“New beginning – the company made up of entrepreneurs from Parma – Guido Barilla, Giampaolo Dallara, Mauro Del Rio, Marco Ferrari, Angelo Gandolfini, Giacomo Malmesi, Paolo and Pietro Pizzarotti – and Krause Group – the company through which the American Krause family controls a diversified series of businesses that embrace retail, logistics, tourism, wine, real estate, agriculture and sports clubs – are happy to announce the successful acquisition, by the Krause Group, of the controlling stake in Parma Calcio 1913.

“In particular, Krause Group has acquired 90 per cent of Parma Calcio 1913 srl and 99 per cent of Progetto Stadio Parma srl, the SPV company created to manage the renovation project of the Tardini Stadium.”

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