HomeNewsBusinessFootballUSA

LaLiga Segunda División club Reus taken over by US investors

American investors are taking over LaLiga Segunda División club Reus, keeping it from being dissolved and dropped from the league.

Real estate investment bankers  have purchased 99.7 per cent of club shares. The investors will take over the club’s debt, valued at $5.7m (€5m), and pay back any outstanding wages.

Reus’ scheduled weekend clash against Las Palmas was called off amid concerns for the club’s future.

The new group says it plans to build an 18,000-capacity stadium and an entertainment complex.

Most recent

Matt Carroll, chief executive of the Australian Olympic Committee, tells Adam Nelson how a focus on athlete engagement, grassroots participation and community schemes has helped to boost the AOC’s commercial programme throughout the Olympic cycle.

The decision by the ATP Council not to renew Chris Kermode's contract as ATP executive chairman and president caused surprise when it was announced in March. Ben Cronin speaks to the outgoing tennis chief about his record.

A Ukranian billionaire is funding the latest effort to turn swimming into a regular competitive professional sport and not just one of the most popular events at the Summer Olympics.

Fan excitement over the acquisition of the star free agent has fueled the MLB club to what is by far the league's largest per-game attendance increase. But Paul Hagen examines how the organization is already thinking long-term and looking to sustain fan engagement over Harper's entire 13-year deal.