Off the wire
• China's self-developed Mars probe to be on show  • Rahinha signs new contract with Barcelona  • Greek students march for more funding, seamen strike against pension cuts  • SAS cancels Copenhagen flights due to pilot shortage  • 1st LD-Writethru: Xi calls for careful preparation for C919 maiden flight  • Philippines to implement no-fly zone at major airport during APEC hosting  • Philippine president orders probe into alleged bullet-planting at airport  • 2nd LD-Writethru-Xinhua Insight: China's first big passenger plane rolls off production line  • Indonesia, India ink deal on energy cooperation, anti-terror, defense  • NBA standings  
You are here: 　 Home

Chinese company buys Spanish club Espanyol

Xinhua, November 2, 2015 Adjust font size:

A Chinese Company, Rastar Group has bought Spanish BBVA Primera Liga club, Espanyol, which was confirmed on Monday.

The news was given by the former president of the Barcelona based club, Dani Sanchez, who had along with Ramon Condal, been one of the club's majority shareholders.

Sanchez confirmed in Spanish sports paper, Diario AS that the Rastar Group had spent 65 million euros (around 72 million U.S. dollars) to take control of the club and also to invest in sporting matters.

Rastar Group is a company dedicated to technology, which also manufactures toys and videogames and has a stock market value estimated at around 3 billion dollars.

The company will take over a club which is currently in the middle of the BBVA Primera Liga table with 13 points from 10 games, and the move shows the increased interest Chinese companies are taking in Spanish football with Rayo Vallecano and Real Sociedad both sponsored by the Chinese company Q-Bao and Wang Jianlin, the president of the Wanda Group owning 20 percent of 2014 league champions, Atletico Madrid. Endi