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By ESPN Staff

Albanian pulls plug on Bologna takeover

Albanian oil businessman Rezart Taci's bid to take over Bologna has broken down shortly before the deal was set to be completed, the Serie A club's owners have said.

"Taci has requested not to proceed with the completion of the deal, which was set for August 4," read a statement by Aktiva Spa, the company through which the family of president Francesca Menarini control the club.

"Aktiva awaits clarification of the current situation and of any eventual definitive developments."

Last month, the club announced they had reached an agreement to sell a controlling stake to Taci. However, Italian media speculated the Albanian might be trying to knock down the price.

A bid by an American consortium to buy the seven-times Italian champions, who scraped to safety in May on their return to the top flight after a three-year absence, broke down at the last minute a year ago.

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