In June 2017, Chinese businessman Jiang Lizhang's Desports group acquired a 60% majority stake in the club. The seven local businessman who launched the club in 2015 retained 30% of the club, while the remaining 10% remained in the hands of fans through Parma Partecipazione Calcistiche. At the end of October 2018 the local Nuovo Inizio group regained control of the club reacquiring 60% of the shares, with the Chinese partners forced to downsize to 30% in light of alleged lack of diligence in meeting their obligations, while 10% remained unchanged in the public company Partecipazioni Calcistiche. On 9 November Parma Calcio held a shareholders' Meeting to appoint a new board of directors, at the end of which Pietro Pizzarotti, at the time vice-president, was appointed the new president of the club.
In June 2017, Chinese businessman Jiang Lizhang's Desports group acquired a 60% majority stake in the club. The seven local businessman who launched the club in 2015 retained 30% of the club, while the remaining 10% remained in the hands of fans through Parma Partecipazione Calcistiche. At the end of October 2018 the local Nuovo Inizio group regained control of the club reacquiring 60% of the shares with the Chinese partners forced to downsize to 30% in light of alleged lack of diligence in meeting their obligations, while 10% remained unchanged in the public company Partecipazioni Calcistiche. On 9 November Parma Calcio held a shareholders' Meeting to appoint a new board of directors, at the end of which Pietro Pizzarotti, at the time vice-president, was appointed the new president of the club.