American investors rumored to be closing in on Espanyol

Espanyol

November 15 – US investors are turning their attention to Spain with reports that Chen Yansheng, president of RCD Espanyol, is sales talks with an investment fund.

Rumours that the club is for sale first surfaced in the summer. Reports now are that a sale to North American investors is well progressed with both sides having exchanged documentation.

Chen is president and CEO of the Rastar Group company and took over Espanyol in early 2016.

The club have denied the rumour, saying it is just more speculation. Chen has similarly denied the rumours though a price of €250 million is said to have been put on the club.

After 16 games and going into the break for the World Cup, Espanyol are 16th in the LaLiga table, just one point outside the relegation zone.

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