Palermo's new owner and president Paul Baccaglini says the Italian club represents a much better investment than buying a club like Chelsea.

The American-born Baccaglini took control of the Italian club a week ago after replacing Mauro Zamparini who had been in charge for 15 years.

Despite Palermo sitting in the Serie A's relegation zone, Baccaglini sees the Sicilian club as a fantastic investment opportunity.

"First of all, Palermo represents an enormous chance to give value to an extraordinary city - the fifth in Italia, and the beacon of the south," he told Rai.

"If I were to buy Chelsea for 1.5 billion euros (£1.31 billion), I can sell it, if I do really well, for 1.8 billion.

"Palermo, on the other hand, allows me to foresee a much bigger profit margin."