Sports

NY lawyer Joe Tacopina and Montreal Impact president Joey Saputo presented as Bologna owners

  • Joe Tacopina waves as he arrives for a news conference in Bologna, Italy, Thursday, Oct. 16, 2014. A group of North Americans led by New York lawyer Joe Tacopina were presented Thursday as the new owners of Italy's cash-strapped Serie B soccer club Bologna. Tacopina was named club president and Montreal Impact president Joey Saputo is a large investor. Tacopina, who represents New York Yankees slugger Alex Rodriguez in his drug case, resigned from his position on Roma's board to pursue the Bologna deal. (AP Photo/Gianfilippo Oggioni)

    Joe Tacopina waves as he arrives for a news conference in Bologna, Italy, Thursday, Oct. 16, 2014. A group of North Americans led by New York lawyer Joe Tacopina were presented Thursday as the new owners of Italy's cash-strapped Serie B soccer club Bologna. Tacopina was named club president and Montreal Impact president Joey Saputo is a large investor. Tacopina, who represents New York Yankees slugger Alex Rodriguez in his drug case, resigned from his position on Roma's board to pursue the Bologna deal. (AP Photo/Gianfilippo Oggioni)  (The Associated Press)

  • Joe Tacopina, right, and Joey Saputo pose in front of the Bologna Football Club logo, in Bologna, Italy, Thursday, Oct. 16, 2014. A group of North Americans led by New York lawyer Joe Tacopina were presented Thursday as the new owners of Italy's cash-strapped Serie B soccer club Bologna. Tacopina was named club president and Montreal Impact president Joey Saputo is a large investor. Tacopina, who represents New York Yankees slugger Alex Rodriguez in his drug case, resigned from his position on Roma's board to pursue the Bologna deal. (AP Photo/Gianfilippo Oggioni)

    Joe Tacopina, right, and Joey Saputo pose in front of the Bologna Football Club logo, in Bologna, Italy, Thursday, Oct. 16, 2014. A group of North Americans led by New York lawyer Joe Tacopina were presented Thursday as the new owners of Italy's cash-strapped Serie B soccer club Bologna. Tacopina was named club president and Montreal Impact president Joey Saputo is a large investor. Tacopina, who represents New York Yankees slugger Alex Rodriguez in his drug case, resigned from his position on Roma's board to pursue the Bologna deal. (AP Photo/Gianfilippo Oggioni)  (The Associated Press)

  • Joey Saputo, left, and Joe Tacopina arrive for a news conference in Bologna, Italy, Thursday, Oct. 16, 2014. A group of North Americans led by New York lawyer Joe Tacopina were presented Thursday as the new owners of Italy's cash-strapped Serie B soccer club Bologna. Tacopina was named club president and Montreal Impact president Joey Saputo is a large investor. Tacopina, who represents New York Yankees slugger Alex Rodriguez in his drug case, resigned from his position on Roma's board to pursue the Bologna deal. (AP Photo/Gianfilippo Oggioni)

    Joey Saputo, left, and Joe Tacopina arrive for a news conference in Bologna, Italy, Thursday, Oct. 16, 2014. A group of North Americans led by New York lawyer Joe Tacopina were presented Thursday as the new owners of Italy's cash-strapped Serie B soccer club Bologna. Tacopina was named club president and Montreal Impact president Joey Saputo is a large investor. Tacopina, who represents New York Yankees slugger Alex Rodriguez in his drug case, resigned from his position on Roma's board to pursue the Bologna deal. (AP Photo/Gianfilippo Oggioni)  (The Associated Press)

New York lawyer Joe Tacopina and Montreal Impact president Joey Saputo are promising to restore cash-strapped Serie B football club Bologna to its former glory.

The North Americans were presented as the new owners of the seven-time Serie A champion on Thursday.

New club president Tacopina says, "We plan to stay for decades, and our first goal is returning to Serie A."

Tacopina and Saputo will reportedly make an initial investment of 13 million euros ($16.5 million), and provide a 7 million euros payout to the club's previous owners.

Saputo, reported as the biggest investor in the deal, says "it's not important who the richest investor is. The important thing is that we're united. We want to restore the squad to its past glory."

Bologna last won the Serie A in 1964.