Palermo have just earned promotion into Serie B and are now on the verge of completing a takeover from City Group, who also run Manchester City.
The Sicilian side went bankrupt in 2019 and was forced to start again from Serie D.
Last week they guaranteed promotion into Serie B by winning the play-offs and the future is looking rosy for the team that wears pink and black.
According to Sky Sport Italia, Palermo patron Dario Mirri had a two-hour meeting in Milan today with representatives from City Group.
They seem to be close to an agreement and the takeover should be completed over the summer.
With strong investment, the historic club could push for a return to Serie A.
City Football Group is a holding company controlled largely by the Abu Dhabi United Group, with American and Chinese investors too.
This company owns Manchester City, but also has shares in other clubs including Melbourne City FC, New York City FC, Girona, Troyes and Yokohama Marinos.
— Gianluca Di Marzio (@DiMarzio) June 15, 2022