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Investors Seek Funds for Portuguese Football Club Benfica Stake.

Authors :
Hellier, David
Almeida, Henrique
Source :
Bloomberg.com; 8/9/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Lenore Sports Partners, an investment group that includes the co-founder of Crescent Capital, is seeking to raise €49 million ($54 million) to potentially purchase a stake in Portuguese football club Benfica. The group has approached Benfica's second-largest shareholder, Jose Antonio dos Santos, about acquiring his 16.38% stake. American investors have been increasingly investing in European football clubs, and Lenore Sports Partners is looking to capitalize on the revenue potential of the popular sport. Benfica is one of Portugal's top teams and operates a successful football academy that develops and sells talented players to other European clubs. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
178944617