Soccer-U.S. based Krause Group buys Serie A club ParmaReuters | Updated: 18-09-2020 15:45 IST | Created: 18-09-2020 15:38 IST
Italian Serie A soccer club Parma has been taken over by the U.S.-based Krause Group, the club said in a statement on Friday.
Parma said that the Krause Group had bought a 90% stake from previous owners Nuovo Inizio, who would retain a 9% stake while the remaining 1% would stay with a company that represents fans. The deal was completed in Milan on Friday, the club said. (Writing by Brian Homewood; Editing by Toby Chopra)