Italy’s Bari reject Barton ownership
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.