Italy’s Bari reject Barton ownership

Italian outfit Bari have rejected the bid of American businessman Tim Barton to purchase the club.

Italian outfit Bari have rejected the bid of American businessman Tim Barton to purchase the club.

The current controllers of the Serie A club, the Matarrese family, issued a statement saying the deal was off because of a delay in the takeover process.

It is understood that Barton had signed a preliminary agreement to pay $1.46million at the end of September and then pay off the remaining $35.1million a month later but the American had asked for a further 60-day allowance to complete the payments.

“After attentive analysis, it was not considered reasonable to concede further delays to JMJ Holdings (Barton’s company),” said the Matarrese group.