Mining mogul Tommaso Giulini has confirmed he’s in advanced negotiations to buy Cagliari from Massimo Cellino.
Mining mogul Tommaso Giulini has confirmed he’s in advanced negotiations to buy Cagliari from Massimo Cellino.
“I can confirm that the last few days have been dedicated to due diligence for Cagliari Calcio. We found it to be a healthy and well-run club, albeit with the issue of the stadium,” Giulini declared on GianlucaDiMarzio.com.
“The current owner has been fully prepared to share information and the perception is we are all rowing in the same direction for the good of Sardinia’s symbolic team.
“The timing is very tight, though, due to many situations that need to be defined before the club can be registered for the next Serie A season. This means next week will be decisive, one way or another.”
The Sardinian club is for sale after Cellino bought up Leeds United, so cannot continue to invest in both sides.
After 22 years at the helm, Cellino is ready to hand over the Rossoblu for a reported €50m, which would include the Assemini training ground.
Giulini is no stranger to football, as the 37-year-old has links to the Moratti family and was until last year on the Inter Board of Directors.
He is also the brother of Gabriele Giulini, the ex-owner of Swiss club AC Bellinzona.
Cagliari had been in advanced talks with an American group of investors, but it appears as if Giulini has shot into the lead.