Turning around Palermo, there is an agreement: enter the Manchester City galaxy

PALERMO – We’re in the final stages. The decision seems to have been definitively taken, the Palermo just returned to Serie B is about to move to the Abu Dhabi United Group, effectively entering the galaxy of the City Football Group, the company that manages some of the major world clubs, starting with Guardiola’s Manchester City. The indiscretions that bounce between the fences placed by very strict confidentiality clauses confirm that the agreement is practically in the details.

Short time to sign

The signatures should be affixed in a very short time, always with the supervision of the Lazard investment bank which from the very beginning followed the negotiation, having already been instructed at the beginning of the season to look for a buyer who possessed specific characteristics and adequate guarantees to invest and refinance the rosanero club. There will be some bureaucratic times and some other formal fulfillment that will probably lead to announcing the official transfer of shares at the end of the month, if not even on July 1st. That is the day after the expiry of the 3 years of management of the current management team which, through a public tender, took over Palermo in 2019 after the terrible experience of exclusion from the championship and from the federal ranks. The budget foreseen to cover all the expenses (15 million for 3 years) had been allocated right up to that date. After that, the entry of new economic resources would still have been necessary, even if now with the promotion, the contributions due to those who play in B will arrive. , at his first experience in our country. And a new era could really begin for Palermo.

Palermo, after Pallotta

The rosanero president Dario Mirri is reported in Milan in the company of the emissaries of the new ownership (led by Giovanni Gardini destined to have a role of driving force of the club), but the content does not change: the City Group is the subject chosen to ensure a future important to the team. With which specific projects and which interpreters, we will understand shortly. The inclusion of Pallotta, with the help of a very expert football man like Franco Baldini, was probably too late. The idea was tempting and would have allowed fewer jolts inside Viale del Fante but the conversation with the English Arab group was too far ahead as well as sufficiently convincing. Until the signing, obviously a minimum margin of uncertainty remains but to date the closing percentages of the deal with the holding of Sheikh Mansour have become very high and there should be no more twists and turns.

In the sign of the sheikh

The scenarios are all to be designed because Palermo will face a new reality both from an organizational and technical point of view. The trait d’union will remain Mirri who should keep the title of president. Now only a confirmation announcement is awaited. And then the rosanero eagle will change its flight path in the sign of Sheikh Mansour.

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