A group of investors from the United Arab Emirates is in talks with Virtus Bologna, according to *La Repubblica Bologna*.
The Arabs are said to have put two proposals on the table: one for the outright purchase of the Italian club’s shares and one for a stake of close to 50%. The second scenario is reportedly the one preferred by the current owner, Massimo Gianetti.
ΣΧΕΤΙΚΑ ΑΡΘΡΑ
These discussions are also linked to Virtus Bologna’s efforts to secure funding in order to become a EuroLeague franchise. According to Italian media, this would require approximately 50 million euros for a five-year license.
*photo source: euroleaguebasketball.net
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