Sanz completes Parma move
Former Real Madrid supremo Lorenzo Sanz has completed his buyout of Serie A strugglers Parma.
Sanz paid Gialloblu's president Guido Angiolini the second part of an agreed fee on Friday - with a figure of €20 million having been mooted to have been added to an initial payment of €7.5 million.
An official announcement is expected in the next few days, once the money has been cashed by the existing owners.
Early reports are suggesting that Sanz's son, Lorenzo jr, will be given the responsibility of being the club's new president.
Sanz's arrival will mark the end a period the financially stricken outfit will be keen to put to bed, with the era of former president Calisto Tanzi not a time that will be remembered fondly.
if they only had kept Gilardino...
__________________
|