Palermo president Maurizio Zamparini insists he's sunk his fortune into the club.

Zamparini made a shock claim that he is broke: "If they give me €100m I'll sell the club tomorrow."

"I was very rich indeed, as many years ago I sold everything to the French for millions," Zamparini told Radio 24.

"I invested them and now I have nothing in liquid funds. Zero. I haven't got a euro in the bank. I have many businesses, but they have all been signed over to my children.

"I am still negotiating with Arabian businessmen and if they give me €100m then I'll sell the club tomorrow morning.

"So far I have spent €90m on Palermo, so would at least like to have something back on my investment."