American entrepreneur Rocco Commisso has completed his purchase of Serie A side Fiorentina.
A year after failing to land a controlling stake in AC Milan, Italian-born Commisso has agreed to buy one of their top-flight rivals from the Della Valle family.
The 69-year-old, who is also the chairman of the New York Cosmos, announced the deal – worth a reported €160million – on Thursday to usher in a new era at the Stadio Artemio Franchi.
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"I am forever a fan of Italian football and there are no words to describe how incredibly honoured I am to have the opportunity to contribute to write the next chapter in the story of a legendary club like Fiorentina," Commisso, chairman and CEO of Mediacom, said in a statement.