"Palermo are owned by City Football Group (CFG), the holding company which oversees Manchester City, New York City FC and several other clubs in Brazil, Belgium, France, Japan and Australia. In 2019, Palermo were forced to start again in the non-professional fourth tier of Italian football, Serie D, due to financial issues. Fans describe that time as 'painful, almost humiliating'."
"Palermo has enormous potential in every respect, both due to the city's size and the club's history. It is Italy's fifth-largest city, with a population of nearly one million inhabitants, providing a substantial supporter base and commercial opportunities for sustained growth and development."
Palermo FC operates from Stadio Renzo Barbera under ownership of City Football Group, the multinational holding company that also manages Manchester City and clubs across multiple continents. The club experienced severe financial difficulties in 2019, forcing relegation to Serie D, Italy's fourth tier. Since then, Palermo has climbed two divisions and now competes in Serie B. Manager Filippo Inzaghi, a World Cup winner, leads the team's efforts to return to Serie A. The club possesses significant potential given Sicily's fifth-largest city status with nearly one million inhabitants and Palermo's storied history. The organization is actively working toward restoring the club to its former prominence in Italian football's elite division.
Read at www.fourfourtwo.com
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