Palermo president Maurizio Zamparini insists he's not about to leave the club.
Speculation has been rife after Zamparini hired Pietro Lo Monaco in place for Gian Piero Gasperini as new sports director.
"I have also offered Lo Monaco the opportunity to acquire 10 per cent of the shares of the company so he can be even more involved in the project.
"I am convinced that my passion and expertise, combined with the experience and professionalism of Lo Monaco, will allow us to grow and achieve success.
"I'm just sorry that after 10 years the Palermo fans don't know who the president is."