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.”

Serie A is finally investing into stadiums

lol, i hope so. but i don't believe zamparini... he is a man of lot of words and few actions

Arabs

Its probably 20 m investment ..

metinsk wrote:Its probably 20 m investment ..

:?:

2 years ago another arab prince was willing to invest in Palermo but it never came to be, i guess we'll have to wait and see

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.”

Shit is real. I wonder if Zamp really is prepared to give up on Palermo.

:study: he says he is

InterMalia wrote:

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.”

Shit is real. I wonder if Zamp really is prepared to give up on Palermo.

Zamp will surely keep a share for himself.

Forza Rossoneri wrote:Zamp will surely keep a share for himself.

he isn't selling the club in full, rather he is taking few business with him on board

Zamparini is never going to have the patience to build Palermo into anything, they'll simply have more money to waste. It would be nice though if they gave the fans a better stadium.

if they spend the money on building a new stadium then its a move in the right direction.

http://www.goal.com/en/news/10/italy/2012/02/05/2887572/zamparini-ive-found-an-arab-investor-who-will-deliver-the

I hope so, Serie A will get much advertisement all over the world just by doing this. I mean, what would PL be without City right now? (right now, no pun intended)

How much was Roma worth? I remember it being around 160 mil euro, and in that case Palermo can't be worth 100-200. F

maruf063 wrote: :study: he says he is

InterMalia wrote:

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.”

Shit is real. I wonder if Zamp really is prepared to give up on Palermo.

I know what he is saying. What i mean is, will he really give up all the shares? I'm pretty sure 100-200 mill would mean selling all of it.

Heard Zamp has tried to fire the investors already.

Aftering being old by an assistant he cannot fire investors he fired the assistant.