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US group buys promoted Italian club Frosinone

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 percent of the capital, and I will hold the remaining 20 percent,” 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 41.5 million euros ($47 million) 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.

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