Source:REUTERS/Urbanandsport
[Saba Sports News] La Liga club RCD Espanyol has just announced major news on its official website, confirming that its former parent company, Starwick Group, has received payment from the American VSP consortium. This transaction marks the complete exit of Chinese investment from the Spanish top flight. Reports indicate the VSP consortium secured over 99% of the club’s shares with a €135 million acquisition deal. The new ownership has outlined clear strategic visions for Espanyol’s future, aiming to establish the club as a consistent contender in European competitions through substantial sporting investments and enhanced recruitment to boost overall competitiveness. We believe this sale presents a prudent resolution for Starwick Group to recoup capital and alleviate operational pressures amid Espanyol’s prolonged financial struggles and consecutive annual losses. Meanwhile, the new management’s definitive objectives and commitment to increased investment are expected to introduce fresh administrative approaches and developmental strategies, fostering stable club growth. We anticipate promising performances from the team in the upcoming league season.