HomeNewsFinance & MoneyFootballSpain

Pique’s Kosmos group poised to buy fifth-tier club FC Andorra

Kosmos Holding, the sports and entertainment investment group founded by Barcelona defender Gerard Piqué, is close to purchasing Spanish fifth-tier team FC Andorra.

“Recent changes to the law have enabled the player to complete the purchase and the intention is to build a club with sights on playing in the upper echelons of the Spanish league system,” according to Spanish newspaper AS.

The club said in a statement: “Futbol Club Andorra has had conversations with different investment groups with the goal of ensuring the fulfilment of its sporting goals as well as an improvement in the club’s financial situation.

“As of today [Wednesday] negotiations have come to a close. Any agreement that is put forward will have to be approved by an assembly of club members. Futbol Club Andorra will not make any further comment on the issue.”

Kosmos recently entered into a 25-year partnership with the International Tennis Federation to revamp the Davis Cup.

Most recent

Browning has marred thousands of once-valuable autographed baseballs, with the precise cause of the damage still unknown. Dennis Tuttle examines the impact on the baseball collectibles market

Dead since 1995, the revered Hall of Famer still commands a lofty position among baseball memorabilia collectors

Callum McCarthy looks at the various ways in which lesser-known European host cities are benefiting from staging a variety of international esports competitions.

Adam Nelson reports on how the International Cricket Council revamped its broadcast coverage ahead of the 2019 Cricket World Cup, focusing on storytelling to attract new audiences and break digital engagement records