http://www.monstersandcritics.com/n...hp/Turin-based_investor_makes_bid_for_Torino_
Turin-based investor makes bid for Torino
Feb 12, 2009, 14:49 GMT
Rome - Raffaele Ciuccariello, a Turin-based entrepreneur, Thursday announced his intention to buy struggling Serie A side Torino, Italian media reported.
An attorney for the 68-year-old investor was quoted as saying that Torino 'are a team that (Ciuccariello) has liked for a very long time.'
He added: 'He is a trustworthy person, who has worked hard, also abroad, in the restaurant industry. He is a football enthusiast, a fan of Torino and took this decision out of passion.'
Ciuccariello was born in the southern region of Puglia, but has lived in Turin for 40 years. He appears to have inherited assets worth 600 million euros (770 million dollars) and could consider investing 100 million to acquire and improve the club.
Torino are in the relegation zone of the Serie A after 23 games, with 15 left to the end of the season.
Current president Urbano Cairo is rumoured to have received an offer from Ciuccariello late last year, but firmly rejected it.