Espanyol have introduced an settlement for a change of possession, with Velocity Sport Restricted (VSL) to turn out to be the bulk shareholder on the membership. They’ve accomplished the acquisition of the nearly all of the shares, however the Rastar Group, in cost till now, will retain a few of the shares.
It’s not but clear what the cut up can be, nor how a lot the deal is value, however is coming in after an unsuccessful 9 years underneath Chen Yansheng. The Chinese language possession got here in with guarantees of taking Espanyol to the Champions League, and though they did make one look within the Europa League, Espanyol have suffered two relegations within the final 5 years.
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New possession headed by Alan Tempo
The brand new possession group, VSL, is headed by Alan Tempo, who can also be the chief of ALK capital, accountable for Premier League facet Burnley. , which notes that Burnley and Espanyol can be given the identical stage of precedence when it comes to the hierarchy of their sporting empire, explains that the formal processes and paperwork should be accomplished.
Picture by way of Sport.
It’s famous that Espanyol can be a part of the identical financial group, however will keep independence from Burnley. Equally to Yansheng, Tempo’s tenure at Turf Moor has seen Burnley be relegated twice, and win promotion twice, albeit Los Pericos ought to have comparatively extra sources in La Liga.
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Phrases of the deal
In accordance with , VSL will take over 99.66% of the shares, and the deal will value them a €130m, someway wanting the . Tempo’s arrival will little doubt convey recent hope to Cornella, with many relating to Espanyol as untapped potential, given they possess a brand new stadium and the placement of the membership. Pericos have been sad with Yansheng and his possession for a while, even protesting outdoors the Chinese language embassy in Barcelona.
