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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.