Saturday February 4 2012
Palermo close on €200m Arab investment

Palermo President Maurizio Zamparini has announced he is working towards Arab investment, including “€200m for players and a new stadium.”

The patron had stated he was looking into selling shares of the club to new investors in the Middle East and held a press conference today.

“Some friends have invited me to Dubai, as they are doing some business operations in our country that requires foreign capital,” explained Zamparini.

“I found people who are very similar to the Sicilians, who give more importance to heart and sentiments than anything else. I talked to them about Palermo’s football and I hope they’ll want to enter this world.”

Ama Group member Ahmub Zubeidi was also at the press conference and spoke about their plans.

“The objective is to bring business worth millions over the next five years. The second is to find investors for Palermo so within three years we can bring substantial help to win the Scudetto.

“There will be investments on Palermo worth €100m-€200m for players and a new stadium over three years.

“On March 15 we should be ready to lay out a three to five year plan so we can begin talks with potential investors.”

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