Mike Piazza is buying a soccer club. USATSI

A few weeks back, we brought you news that Derek Jeter wanted to buy a baseball team. Jeter has since been upstaged by another New York baseball legend. Well, sort of.

Mike Piazza did not buy a baseball team. However, on Wednesday he announced that he had agreed in principle to purchase a majority share of A.C. Reggiana 1919 -- an Italian soccer team that plays in Lega Pro:

Reggiana issued a statement Wednesday regarding the sale (via Italian Football Daily):

Today, Associazione Calcio Reggiana 1919 S.p.A., its majority shareholders, Stefano Compagni and Gianfranco Medici, and Michael Joseph Piazza reached an agreement in principle setting out certain key terms of a possible transaction that would contemplate the acquisition by the new investor of a majority equity interest in Reggiana. A press conference will be convened shortly.

Reggiana resides in Italy's third division. True to soccer's promotion and relegation system, they have a chance to move up and down the ladder based on their play. Last season, Reggiana was closer to the top of Lega Pro than the bottom, just not close enough to earn a promotion.

Piazza certainly hopes that changes in the coming months.