Franza said: “After 10 years I am leaving this club. I have led this side for a decade, taking them from the amateur League up to Serie B, then promotion to Serie A and the historic seventh-place finish.
“In the meantime the costs of running the team rose and I received help from nobody, including the local authorities.
“The ulterior lack of success this term, whether we remain in the top flight or not, came after the most radical changes we could make in terms of the organisation and the team assets.
“This has made us reflect and decide on the need for change. Without this radical and deep revolution, it will not be possible for the Franza Group to maintain the level of Messina’s football on its own.”
He added: “With the new associates, who we feel should aspire to hold the majority shares and if they want the entire package, will have to guarantee financial solidity and a professional approach. They must plan the future of the football club.”