Categories: Football

Contacts with the buyer began in November

The echoes of an offer to buy Espanyol from Chen Yansheng have intensified as a result of the publication of ‘La Grada’ of the firmer interest than on other occasions from an American investment group. After financially reviving the club and paying off the historical debt, Rastar Group has already declared its intentions since 2018 to sell a part of its shares to inject more capital into the entitybut has not ruled out the total sale if the figure rises to 300 million.

As AS learned, talks with this new American investment group began, on a rebound, in November. Another American group was interested in Espanyol, but they were not convinced by the conditions, so they dismissed it and went on their way talking to other clubs. But before that, he introduced the new American investment group that did pay more interest and, to this day, continues to study the operation. It is only the tip of the iceberg of a hermetic world behind this type of business, such as the one that led to the purchase of Espanyol by Chen Yansheng in 2015.

“The president of Elche rejected an offer from a group of one hundred million,” a source explained to this newspaper, which receives calls every week and participates in meetings of this type. Espanyol, in the last two years, since the arrival of Josep Maria Durán, CEO, has accelerated the process to seek financing and has maintained contacts with Miami-based companies that have relationships with potential buyersalthough at the moment none of the interests recognized by the entity have borne fruit.

In recent appearances, Durán himself has taken advantage of the good financial situation of the entity and the desire to continue growing both in terms of infrastructure assets and staff. The CEO has stressed that Espanyol “is the club with the best own funds in the League”, has highlighted the “patrimony”the creation of an “alternative sports city” and his wishes for the squad to have a value of “300 and 400 million”.

Gabby Barker

Gabby is someone who is interested in all types of sports, she loves to attend watching matches live. Whenever there is a match being played in her city, she makes sure to get the tickets in advance. Due to the love for sports, she joined Sportsfinding, and started writing general sports news. Apart from writing the news, she is also the editor for the website who checks and edits every news content before they go live.

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