For the first time in history, an Italian football club will be American property.It's Bologna, which was officially sold today to the Americans of Tag Partners LLC Paul Galvin. The negotiations began about four months ago and was confirmed yesterday from the company Aktiva Spa, represented by rossoblù president Alfredo Cazzola, who sold the entire share capital of Bologna Fc 1909 Spa. The contract signed between the parties stipulates that the actions of Bologna will be sold with a first tranche of 80% in early July 2008, while the second tranche of 20% will go hand at the end of the 2008-2009 sports season. The agreements also provide that Alfredo Cazzola will remain chairman of rossoblù with existing powers and delegation and Aktiva Spa have the right to appoint a member of the Board of Directors. Tag Partners LLC in the 2008-09 season will bring new financial resources for at least 20 million euros, as well as the turnover that the Bologna achieve with TV rights, sponsors and tickets. Bologna was evaluated at eighteen million. They will be looking to buy land in the City of Medicine for the project Romilia, where they will be building a new stadium.
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