Krause Group completed the acquisition of a majority stake in Parma.

Krause Group, an American business conglomerate, completed the acquisition of a majority stake in Parma Calcio 1913, an Italian football company. Financial terms were not disclosed. “The acquisition of Parma Calcio 1913 is the fulfilment of a long-held dream. My family and I have a deep-rooted, intergenerational passion for both football and our ancestral home of Italy. Parma Calcio 1913 are fighters and bouncing back from Serie D with three consecutive promotions in three years is a testament to their resilience. I am honored to don the yellow and blue, and play a small part in the venerable history of this proud team. I look forward to growing the team, the sport, and its fandom in Parma, Italy, and the world," Kyle J. Krause, Krause Group Chairman and CEO.