Parma taken over by U.S. based Krause group


FILE PHOTO: Soccer Football - Serie A - Parma v Inter Milan - Stadio Ennio Tardini, Parma, Italy - June 28, 2020 General view inside the stadium before the match, as play resumes behind closed doors following the outbreak of the coronavirus disease (COVID-19) REUTERS/Jennifer Lorenzini/File Photo/File Photo

MILAN (Reuters) - Parma became the latest Serie A team to come under U.S. ownership when they were taken over by the Krause Group on Friday, the club said in a statement following a deal signed in Milan.

The group bought a 90% stake in Parma who won three major European trophies during their heyday in the 1990s, were declared bankrupt in 2015 and returned to Serie A in 2018.

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