MILAN: Italian Serie B leaders Palermo have been sold to an unnamed London-based company for the symbolic price of 10 euros (£8.9), club owner Maurizio Zamparini said on Sunday. The charismatic Zamparini has been president of the club since 2002 and has employed more than 40 coaches during that time. “Thinking only of the future of the company and the supporters of Palermo, I have, with a lump in my throat, signed my exit from the club,” said the 77-year-old in a letter on the club’s website. “The new London-based owners will put into action the construction of the stadium and training ground. Last year, a takeover bid for the Sicilian club from U.S.-born businessman Paul Baccaglini was rejected by Zamparini. Published in Daily Times, December 3rd 2018.