Parma taken over by US based Krause group

MILAN: Parma became the latest team to come under US 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. Nuovo Inizio, a group set up by...