The final sprint of the American group, represented by Andres Fassi, to buy Espanyol | Relief
After receiving percentages from ten different investment groups in recent monthssale of “Espaniola” very close to implementation, with the usual caution in this kind of operation that President Chen Yansheng is accustomed to. However, the latest process that Relevo had access to went so far as to exchange documentation and impose penalties if the buyer refused without good reason.
This time it’s American investor led by Paul Foster and Alejandra de la Vega, with several businesses in the Texas area.which is represented by Argentine businessman Andrés Fassi, former president of Talleres de Córdoba and with extensive experience in this type of negotiation. They have been studying the market for more than three yearsnot only the Perico club, but also others such as Granada or Valladolid; but right now, with Espanyol, they seem to be very close to concluding an agreement.
The sale price has not yet been disclosed, but Yes, they have a certain amount if the club remains in the second division, and another (which could be paid over the next three years) if they finally get promoted.. In any case, it will be around 110-130 million euros, with more added if they grow. Espanyol’s revenues in the First Division will grow exponentially, as in terms of TV rights alone they will exceed 50 million euros, well over double what they received in LaLiga Hypermotion.
At this point, the operation has progressed to such an extent that all the cards are on the table. The next step will be the official registration due diligence, is that at this point an agreement between both parties will be very quick. The buyer and the club agree on the sale price and, having reached an agreement, sign a very strict confidentiality agreement (which is why it is so difficult to confirm information about these processes). They upload all economic data to the cloud. There, the buyer can see all contracts, debts, obligations and tax obligations one by one. If all goes well as discussed, they commit to closing the sale. In fact, if for any reason they decide to retire after this due diligenceThey have to face a monetary fine (usually large) to compensate for the inconvenience.
Have three months to study documents and that’s where they are now. If there are no violations, this operation should reach the Supreme Sports Council, which will authorize the sale (at this stage there are usually no problems) in about a week. Other attempts or purchase projects, like those of some fans who formed the Ambició Perica platform and intended to buy it back after the collection process, are still far from perfect. Path Fassi seems the most realistic now of all.
Although quite a lot of details are known about this group, other sources familiar with the process that Espanyol is immersed in explain that a sale will be the only final scenario, but other circumstances may arise as there are other very interested groups who may also come. with a lot of money. But so far no one has reached Fassi’s group.
Once the process is completed, if successful, it must be announced on the China Stock Exchange as Rastar is a listed company on the Asian stock market. It is then that the final green light is given to the sale of the enterprise. Interestingly, this was revealed in the same week, published in Diario. Acethat Chen Chuanghuang, the name of the owner’s son, has been the President and CEO of the Rastar Group for 31 years, as well as an advisor and commercial representative at Espanyol.