Soccer: American group Krause takes over Parma

Another Serie A club goes into foreign hands

(ANSA) - ROME, SEP 18 - Parma has been taken over by American group Krause, Nuovo Inizio, the company that brought together the local entrepreneurs who had control of the Serie A soccer club, said on Friday.
    It said that the Krause Group had bought 90% of Parma Calcio 1913 and 99% of Progetto Stadio Parma, the company created to manage the revamp of the city's Stadio Tardini ground.
    Parma is only the latest Italian top-flight club to go into foreign hands.
    AC Milan, AS Roma and Fiorentina are also under American ownership, Bologna is owned by Canadians and Inter is controlled by a Chinese group. (ANSA).


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