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Rich Americans Plow Fortunes Into European Soccer Bargains

  • Americans own one-fifth of top teams in U.K., France and Italy
  • New owners swoop in as teams face lower revenue amid pandemic
Danny Ings of Southampton wins a header during a match between Southampton FC and Brentford FC at St. Mary’s Stadium in Southampton, England on Sept. 16.
Danny Ings of Southampton wins a header during a match between Southampton FC and Brentford FC at St. Mary’s Stadium in Southampton, England on Sept. 16.Photographer: Naomi Baker/Getty Images
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Wealthy Americans are placing their bets on European soccer.

Kyle Krause, whose family fortune was built on the Kum & Go convenience store chain in the midwestern U.S., agreed Friday to acquire control of Italy’s Parma. The move came just weeks after billionaire Dan Friedkin, owner of a network of Toyota dealerships, bought rival team Roma in a 591 million-euro ($693 million) deal.