ROME (Reuters) - U.S. born businessman Paul Baccaglini has been named as the president of struggling Palermo after he agreed that his fund would take over the struggling Serie A club. Baccaglini, who was born in the U.S to an American father and Italian mother, will replace flamboyant Maurizio Zamparini, who had been in charge since 2002 before resigning last week. It said Baccaglini had pledged to buy 100 percent of Palermo's shares by April 30 through Integritas Capital, which he founded with two other partners. Baccaglini could quickly find his new club playing in the second tier as Palermo are in Serie A relegation trouble, seven points adrift of the safety zone. Zamparini, who has been trying to sell the club for nearly one year, announced his resignation last Tuesday after overseeing nearly 40 coaching changes during his 15 turbulent years in charge.

Source: The Star March 06, 2017 17:37 UTC