Maurizio Zamparini has claimed that he was wrong to appoint Giuseppe Sannino as Palermo coach in the summer.
The 55-year-old was handed the top job at the Renzo Barbera in June following Bortolo Mutti's dismissal, but was axed on Sunday after just one point from his first three games in Serie A.
Now, in the immediate aftermath of sacking his trainer, the president believes he made a mistake in hiring Sannino, but insists his team remain good enough to compete, despite the sale of key players.
"I wanted Sannino as Palermo coach for many years, but saw that the players did not integrate with his ideas," Zamparini told reporters.
"I am unlucky with coaches. I made a mistake appointing Sannino as Palermo coach. I still think that Palermo are a good team and have good players."
Former Genoa and Inter boss Gian Piero Gasperini has since been named as Sannino's successor in the managerial hotseat at Palermo, and he is chomping at the bit to get his reign under way.
He told Giornale di Sicilia: "I am pleased and happy. I cannot wait to get started, because I feel very motivated.
"Palermo is a very exciting adventure, and I'm ready to start with the kids."
Gasperini, who also becomes Zamparini's 22nd change of coach since the owner's arrival in 2002, will debut at Atalanta on Sunday.