Manchester City fans have been reacting to a post on Twitter which relays a report that claims Italian Serie B side Palermo are now owned by the City Football Group.
Widely known as the CFG, the football group currently owns significant stakes in football clubs in all of England, Spain, France, Japan, the USA, Uruguay, the Netherlands, Belgium, Australia, India, and China.
There have been many stories recently about Manchester City’s owners wanting to buy a Brazilian club, and now it seems the next club to join their ranks could be Palermo.
It was reported in April that Palermo have been approached by City Football Group for a potential investment opportunity.
Sky Sport Italia transfer expert Gianluca Di Marzio reported last month that the sale of Italian side Palermo to the City Football Group is proceeding well, and there are positive signs around the completion of a deal.
According to an update from Jonathan Smith via Goal, the newly-promoted Serie B club is set to join City Football Group portfolio that features 10 other clubs around the world including MLS side New York City FC.
Jonathan Smith went ahead to claims Palermo are now owned by the City Football Group and the purchase of 80 per cent of the club shares will cost between €12 million and €13 million.
The report was shared on Twitter by City Xtra and it attracted plenty of attention from some Man City supporters.
“Welcome to the family, Palermo! 💙”
Credit: @CityCookingOil1
“If true this is beautiful, my two clubs coming together.”
Credit: @Daddiano
“That’s insanely cheap considering they can be bankrolled into serie A easily”
Credit: @crystallan21
“Wow! That’s big W for CFG…City are just on different levels”
Credit: @CristosSeasalt
“OFFICIAL: City Football Group own Football ⚽.”
Credit: @MCFCTone
“Good acquisition..”
Credit: @HoodYeezus
“Bahia is the next”
Credit: @Rick__patrick_
“THANK YOU SO MUCH CITY FOOTBALL GROUP. I AM ON THE VERGE OF TEARS I AM SO HAPPY.”
Credit: @AliG4803
Follow Us on Social media:
- Chelsea and Manchester City interested in signing Sergey Pinyaev
- Guardiola ‘leaving’? Man City ‘traumatic departure’ mooted with ‘revelation’ identified as ‘great’ replacement
- Manchester City sister club receives visit from ‘next generation’ of England coaches including Manchester United midfielder
- Mauricio Pochettino shares what Cole Palmer has said about his time at Man City
- “That’s what I will do” – Mayor Andy Burnham issues support for Man City after 115 Premier League charges
- Archie Gray says £250k-week Man City player is better than James Maddison
- Manchester City scouts present at recent Liga Portugal clash amid €70 million midfield transfer links
