Albanian tycoon buys Bologna football club

TIRANA, Albania (AP) - Albanian businessman Rezart Taci has bought a majority stake in Serie A club Bologna.

The businessman, who runs Albanian oil company Taci Oil International, says he paid €43 million ($61 million) to buy 80 percent of the club in a deal that will take effect on Aug. 3.
Bologna's official Web site also announced Friday's deal, but did not disclose financial terms.

Taci told a local television station that the acquisition could serve as a "window of opportunity" for talented Albanian players.

Taci Oil International is part of a U.S.-Swiss consortium that last year bought 85 percent of state oil company ARMO with €128.6 million ($183 million).