American Takeover: Velocity Sports Partners Acquires Espanyol
Velocity Sports Partners, led by Alan Pace, the American owners of Burnley, has acquired majority control of Espanyol, marking a significant investment of up to 200 million euros. The purchase concludes Rastar Group's nine-year ownership, with commitments to maintain both clubs' unique identities and legacies.
Burnley's American owners, through Velocity Sports Partners led by Alan Pace, have finalized a majority takeover of Spanish football club Espanyol, as announced on Thursday.
The acquisition, valued at up to 200 million euros, also marks the end of Rastar Group's nine-year ownership over Espanyol.
Pace assured that both Espanyol and Burnley would preserve their identities and operate independently, emphasizing stewardship over ownership.
(With inputs from agencies.)
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