BANGOR City is now in the hands of an Italian music mogul after their long-awaited takeover has been officially confirmed by the club.

As first reported by the Chronicle, Italian musician and produced Dominico Serafino has led a consortium that have now taken over from Vaughan Sports Management at the JD Cymru North side after purchasing their shares.

Italian-born Serafino is the father of Citizens’ number ten Francesco and will become the chairman and “person of significant control” within the club.

The 52-year-old has been in negotiations for a few months with directors of the club and is the representative of a group of entrepreneurs who have been convinced by him to make a major investment in the club.

He will also bee keeping on Stephen Vaughan Jr as manager, and there are considerable plans being formed that also include a large financial commitment in order to get the club back into the JD Cymru Premier at the earlies opportunity.

Serafino, said: “When asked by the director of football Max Leghissa whether I would be interested in becoming involved in the club, it was something I immediately jumped at.

“Having spent some time around the city while my son Francesco was training, I fell in love with the beautiful landscapes and the history of the surrounding area. Now there is lots of work to do and I have been lucky enough to persuade other investors to come and help with this project and to help try to restore the club to where it belongs.”

Serafino is also looking to reconnect with the community that has been fractured by recent off-the-field issues at City over the last 18 months, which resulted in the formation of Bangor 1876 who have made a hugely impressive start to the season.

The news was also welcomed by departing chairman Vaughan Jr, who stated that the takeover “safeguards” the long-term future of the club.

“Mr Serafino, along with his investors, have the vision to take the club forward and now we just need to let them get on with the job at hand while we get a team onto the pitch we can all be proud of,” he added.