Football: Malaysian businessman buys second-tier Italian club Bari

Football: Malaysian businessman buys second-tier Italian club Bari

The Serie B club reached a preliminary agreement with businessman Noordin Ahmad, who has acquired a 50-per cent stake in the club, Malaysian media reported.

KUALA LUMPUR: Italy’s Serie B football club FC Bari 1908 S.P.A now has a new Malaysian owner, Malaysian media reported on Tuesday (Apr 12).

The second-tier club said in a statement on Monday it had come to preliminary agreement with businessman Noordin Ahmad, who has acquired a 50-per cent stake in the club, the New Straits Times reported. No monetary value was disclosed.

A press conference will be held to announce the details in the next few days, said club president Gianluca Paparesta. The former referee added that the club’s board members have been informed of the sale.

A consortium led by Paparesta bought the club for €2 million in March 2014, after Bari had been declared bankrupt in March that year.

Bari is currently third in Italy's second division, nine points behind second-placed Cagliari. Only the top two teams are automatically promoted to Serie A.

The club, based on Italy's eastern coast, was founded in 1908, but have never been higher than 7th in the Italian top flight.

Among the prominent names to have graced the club are former England international David Platt - who moved from Aston Villa in 1991 for a British record £5.5 million - and the Chelsea-bound current coach of the Italian national team, Antonio Conte, who helped Bari reach promotion to Serie A in 2009.

Source: CNA/ec

Bookmark