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US-based Krause Group takes management of Parma soccer membership

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Parma has change into the most recent Serie A crew with overseas possession after the U.S.-based Krause Group bought a 90% stake within the membership

PARMA, Italy — Parma grew to become the most recent Serie A crew with overseas possession Friday when the U.S.-based Krause Group bought a 90% stake within the membership.

The Iowa-based Krause Group is “the father or mother firm for a various set of companies that embrace comfort retail, logistics, Italian wineries and hospitality, actual property, agriculture, and soccer golf equipment,” based on the corporate’s web site.

Parma, a two-time UEFA Cup champion within the 1990s, fell into monetary bother in recent times and had a sequence of possession modifications.

The crew was dismantled in 2015 and needed to restart from Serie D. Parma returned to Serie A in 2018 and completed 11th final season.

Parma opens this season by internet hosting Napoli on Sunday.

“Parma are fighters and bouncing again from Serie D with three consecutive promotions in three years is a testomony to their resilience,” Krause stated. “As president I promise to combat for them each step of the best way. I’m honored to don the yellow and blue and play a small half within the venerable historical past of this proud crew. I stay up for rising the crew, the game, and its fandom in Parma, Italy, and the world.”

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Extra AP soccer: https://apnews.com/Soccer and https://twitter.com/AP—Sports activities



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