Italy's soccer club Fiorentina confirms sale process

Italian Serie A soccer club ACF Fiorentina said on Saturday its owners were negotiating a sale, confirming earlier media reports. In a statement, the club said its board had resigned after being informed by the Della Valle family that a sale process was underway.

A source close to the matter had told Reuters on Monday that Mediacom Chairman Rocco Commisso was interested in buying Fiorentina. The Della Valle's own luxury goods group Tod's and - since 2002 - the Florence-based club.

Italian-born U.S. billionaire Commisso, the owner of the New York's Cosmos, made an offer last year to buy a controlling stake in AC Milan but no deal followed. The New York Times reported earlier this month that Commisso was ready to pay $150 million for Fiorentina, who on Sunday narrowly escaped relegation.