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:
- Gary Lineker says he was stunned by what Pep Guardiola did on the touchline against Spurs
- Ederson issues cryptic eight-word message after suffering season-ending facial injury
- Alan Shearer calls for footballing rule change after what happened in Man City vs Tottenham
- How Man City can win and lose the Premier League title to Arsenal on the final day of the season vs West Ham
- Sergio Aguero hits out at Erling Haaland and tells him to ‘leave me alone’
- Man City fans absolutely loved what they saw one player do in Spurs win
- Ederson and Kevin De Bruyne latest in Man City injury update ahead of final Premier League match vs West Ham