Atalanta owner Antonio Percassi has reached an agreement to sell 55% of the club to investors group managed by Stephen Pagliuca, Boston Celtics co-owner.
Stephen Pagliuca will be the new co-chairman of the club - Percassi will remain as president.
Atalanta Bergamasca Calcio, commonly referred to as Atalanta, is a professional football club based in Bergamo, Lombardy, Italy. The club plays in Serie A.
Pagliuca also released a statement as part of the sale, saying the Italian side and the Celtics share a lot in common:
"We are thrilled to partner with the Percassi family and to support the future development of the club. Atalanta and Boston Celtics share the common sports values: teamwork and an extraordinary relationship with the fans and the community. We believe that the Percassi family has built very solid foundations on which to work together to strengthen the brand globally, with the aim of encouraging further diversification and growth of revenues, allowing the club to become more and more competitive on Italian and international scene."