Update 10:50CET: Palermo have released an official statement confirming Zamparini's plans and the reasons behind them.
An extract of the statement on Ilpalermocalcio.it reads:
"I have given the task to find an advisor, bank or other to help with the sale of my shares in Palermo football club.
"My decision is a net one even though I will suffer by leaving a great fan base like the one here at Palermo to which I am tied to.
"Of course, the new owners would have to be of the level to guarantee and maintain us being a great club.
"Everything is down to the fact that I feel beaten by a false sports world where values gave gone and where the economic and media powers of three and four teams dominate and want the Scudetto's between them.
"I am tired of fighting and I hope to leave it up to younger people with the enthusiasm to fight on and do what I was unable to: taking football back into sport and obtain the real values, assuring sports loyalty and equality so that we can win with equal arms when being the best.
"Maurizio Zamparini."
