Quote:
Americans buy Bologna Friday 13 June, 2008
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Newly promoted top-flight side Bologna have been bought by an American business syndicate.
The Felsinei secured their place in Serie A next term with a final-day win over Pisa to clinch second spot in the Cadetti.
And now they are looking to build a squad capable of keeping pace amongst the elite, with Sampdoria’s Sergio Volpi becoming their first recruit earlier this week.
But the latest change is in the boardroom as American group TAG Partners LLC, represented by Paul Galvin, have stepped in to buy the club.
The Americans will own 80 per cent of Bologna FC by July 1 and will acquire the remaining 20 per cent at the end of next season.
Club President Alfredo Cazzola will remain and his group Aktiva Spa will still have a say over the direction taken in the boardroom.
The good news for Bologna fans is that the new owners have pledged to sink around £15m into the club – money that could be used to lure some high-profile new recruits.
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channel4.com - Football Italia
Now although I'm usually against foreign owners like this in fairness this is exactly what the club needed, especially now they're back in Serie A. I expect them to make some decent signings in the coming weeks.