Parma also announced that former Argentina forward Hernan Crespo, who played for the club between 1996 and 2000 and returned in 2010 to end his career there, would become a vice-president.
Parma, twice winners of the old UEFA Cup in the 1990s, were declared bankrupt two seasons ago after finishing bottom of Serie A and demoted to the fourth tier, but have won two successive promotions since then.
Lizhang already owns Spanish club Granada and has a five percent stake in NBA team Minnesota Timberwolves.
“I sincerely believe that this new partner, surrounded by people who love Parma such as Hernan and supported by the current management, can open up unprecedented growth for our club….and present a great opportunity outside fo…
Read the full article at: http://www.sbs.com.au/news/article/2017/06/22/football-chinese-investor-buy-60-percent-share-parma
