American investment group Clara Vista has purchased Italian football club Frosinone which will return to Serie A next season, club owner and president Maurizio Stirpe announced on Wednesday.
“Following this transaction, Clara Vista will control 80% of the capital, and I will hold the remaining 20%,” Stirpe, who has been at the helm of the club from the Lazio region, southeast of Rome, since 2003, told a press conference.
Clara Vista, already owners of English club Ipswich Town, who have been promoted to the Premier League, will pay 41.5m euros (USD47m) to take control of Frosinone.
The club is preparing to play in the top flight for the fourth time after finishing second in Serie B last season.
Of the twenty clubs competing in the upcoming Serie A season, twelve are foreign-owned, including nine under US ownership.
