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Walmart Chairman Greg Penner Expands Investment in Spanish Football Club Valencia CF

Fortune · ·by G4L

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  1. 1A consortium backed by private equity billionaires has agreed to acquire a 42% stake in the Spanish football club Valencia CF.
  2. 2The deal, valued at 1.2 billion euros (1.34 billion dollars), was led by Pitchwise Holdings.
  3. 3A capital injection of 100 million euros (approximately 112 million dollars) into Valencia CF will be provided as part of the investment process.

So what's the key point?

A group of investors has agreed to buy a 42% stake in the Spanish football team Valencia CF. This deal will bring 100 million euros in funding to Valencia CF.

Source Fortune · View original ↗

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