A conglomerate of Qatar was close to acquiring Parma

In the near future at Serie A side Parma may be replaced by the owner. The group “Nuovo Inizio”, which is now owned by the club, can sell it to a conglomerate of “al Mana” from Qatar.

Now the parties are negotiating regarding the cost of the transaction. If the negotiations succeed, President of the “Parma” will be Executive Director of the conglomerate Hisham al-Hamad al-Mana.

The conglomerate is composed of 55 companies which are engaged in the automobile business, real estate, investment, media, trade, engineering and entertainment.

Yesterday Parma in the 35th round of Serie A Parma beat Napoli 2:1 and secured out of the relegation zone in Serie A.

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