Siena Calcio turn down Joseph Portelli's €1.3m bid to buy the club
Italian club owners not interested in full sale but ready to welcome new investors
Ħamrun Spartans president Joseph Portelli's bid to buy Siena Calcio has been turned down by the Italian Serie D club.
A report on Gazzetta Di Siena said the Italian Serie D club received an offer of €1.3 million by J.P. Portelli Group to take over the reins of the Italian team. However, the top officials of Siena Calcio turned down the offer.
Marcel Bonnici, the Chief Executive Officer of J.P. Portelli Group confirmed the story.
“Yes, I confirm that we made a bid for Siena Calcio but the offer was rejected by the Italian club,” he told Times of Malta.
The report said J.P. Portelli Group initially made an offer to take full control of the club for €1 million.
Successively, in a bid to soften the stance of the Siena Calcio owners, Portelli launched a second bid of €1.3 million.
The report said the Maltese club could continue to negotiate with the Siena Calcio top administration and did not exclude a third bid of €1.5 million could be offered.
According to the report, Siena president Jonas Bodin, a Swedish businessman, is not interested in selling the club but would be open to welcoming new partners.
Gazzetta Di Sicilia reported that Portelli, a well-known Maltese construction mogul, has presented a serious sporting project aimed at providing more financial stability to the club, and a sound technical programme for a club passing through difficult times in recent years.
According to the report, Portelli is keen to invest in the club, particularly in the youth sector, to try help Siena move up to higher divisions in Italian football. It is Portelli's dream to lead an Italian club from the lower-tier divisions to the Italian Serie A.
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