A new Newcastle case in sight: Porto, for sale

The owners of Porto are open to selling part of the club to foreign investors, according to Bloomberg. The economic crisis suffered by the Dragons invites to hear offers for a minority part of the shares, especially due to the interest shown by several foreign investors. After the arrival of the Saudi royal family fund to Newcastle, movements in other historic clubs continue to take place.

Porto’s owners are working with London-based sports advisory firm Certus Capital Partners to assess the suitability of potential investors. The talks are ongoing because the Portuguese club is highly attractive to sovereign wealth funds and private equity firms. It is a consolidated team in Portugal and disputes the Champions League. The bet does not involve as much risk as Newcastle, for example.

Porto has been characterized by obtaining a large number of income from the sale of its best players. However, in recent times it suffered the financial impact of the pandemic and the club reported losses of 116 million euros during the period affected by Covid. It saved him that he reached the quarterfinals of the Champions League last season, but the numbers are still not entirely brilliant.

The arrival of foreign investors to Porto would be one more in the cascade that has been taking place lately in European football: Newcastle, City, PSG, Inter, Roma, several more from the Premier … The great fortunes are interested in football now that the crisis allows them to find opportunities to enter a business that usually brings in large sums.