City Football completed the acqusition of a majority stake in Palermo FC.

City Football, a firm that owns and operates football-related clubs and businesses, completed the acqusition of a majority stake in Palermo FC, an italian football club . Financial terms were not disclosed. “Palermo is a great and historic Club with a strong and proud identity. We will work with Dario Mirri to continue his outstanding work to grow Palermo sustainably over the years ahead. This is a very special club, and our role will be to add value to all of the things which make it so special and steadily improve performance on and off the pitch, using our experience and know how," Ferran Soriano, City Football Group CEO.