A North American group that includes Montreal Impact president Joey Saputo is set to take over Serie B side Bologna, according to an Associated Press report.
An initial investment of approximately $13.5 million plus more than $8 million more is going to be enough to get Saputo in the door as the club’s largest investor and New York lawyer Joe Tacopina installed as club president.
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Bologna has been a bit of a yo-yo club in Italy, and was relegated to Serie B at the end of last season.
The pending deal has led league authorities to delay deciding on a one-point penalty for Bologna for failed player payments for several months this year.
Bologna’s last Serie A title came in 1964.
The deal will make Bologna the third major Italian club with foreign-majority ownership. Roma was taken over by a group of Boston investors three years ago, and Indonesian entrepeneur Erick Thohir took a majority stake in Inter Milan last year.
Tacopina, who represents New York Yankees slugger Alex Rodriguez in his drug case, resigned from his position on Roma’s board to pursue the Bologna deal.
Bologna has won Serie A seven times, so it’d be nice to see them promoted and become a fixture year-in and year-out. Maybe this helps a bit.