Reports: Pats owner Kraft in talks to buy stake in Spanish soccer club
ByReuters
Published 18/07/2018 at 21:00 GMT
New England Patriots owner Robert Kraft is in negotiations to buy a large stake in Spanish soccer club Sevilla of LaLiga, according to Spanish media reports.
Spanish radio broadcaster Cope said a "U.S. investment group" could agree on
the purchase of a 40 percent share of the club this week. Kraft reportedly is
leading the consortium aiming to buy the shares.
the purchase of a 40 percent share of the club this week. Kraft reportedly is
leading the consortium aiming to buy the shares.
Kraft is the CEO and chairman of the Kraft Group, which also owns the MLS's
New England Revolution and the Boston franchise for esports' the Overwatch
League.
New England Revolution and the Boston franchise for esports' the Overwatch
League.
Spanish newspaper Mundo Deportivo said there is a battle for power at Sevilla,
and that over the past few months, there have been significant offers to buy
into the club. Offers for shares have reached more than $1,750 per share,
while the trading value a year ago was $70.
and that over the past few months, there have been significant offers to buy
into the club. Offers for shares have reached more than $1,750 per share,
while the trading value a year ago was $70.
The reported offer from Kraft's group was not disclosed.
Kraft acquired the Patriots in 1994 for $175 million. On Wednesday, Forbes
released the list of the 50 most valuable sports franchises in the world. The
Patriots ranked No. 6 with an estimated value of $3.7 billion.
released the list of the 50 most valuable sports franchises in the world. The
Patriots ranked No. 6 with an estimated value of $3.7 billion.
--Field Level Media
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