Parma on verge of being sold: Club

Parma are on the verge of being sold, club director Pietro Leonardi said on Sunday with reports the Serie A strugglers will soon be in the hands of Russian-Cypriot owners.

Parma on verge of being sold: Club

Rome: Parma are on the verge of being sold, club director Pietro Leonardi said on Sunday with reports the Serie A strugglers will soon be in the hands of Russian-Cypriot owners.

Debt-riddled Parma, owned by club president Tommaso Ghirardi, are currently bottom of Italy`s top flight with 11 losses in 13 games.

Ahead of Parma`s home game against Lazio, Leonardi told Sky Sport: "We were informed this morning by the president that the talks over the sale of the club had intensified.

"The players in the dressing room are wondering who the new owner is. We`ve been informed, but we`re waiting for everything to become official.

"All the stakeholders are satisfied with the terms of the agreement deal."

Reports in the Italian media claim Parma will soon be in the hands of Russian-Cypriot owners, who will buy the club for 5 million euros ($6.1m) and take on all of its debts.

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