American owner jokes on Vestegnen: Brøndby shares rise on sale rumours

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Rumors are swirling about a possible sale of the super league club Brøndby IF.

Late on Sunday, a sale of a larger stake in Jan Bech Andersen’s ownership stake, which is 54.6 percent, was on its way.

It has also left its mark on the stock market, where the Brøndby IF share has soared by 8.7 percent on Monday shortly before midday. Since the turn of the year, the share has risen almost 20 percent.

According to Ekstra Bladet’s information points the arrow towards a buyer on the other side of the Atlantic, namely the American David Blitzer, who has a long career in investing in sports clubs and is employed by the global investment company Blackstone.

David Blitzer has previously invested in the basketball team Philadelphia 76er, the ice hockey team New Jersey Devils and the football club Real Salt Lake.

Brøndby IF has not definitively confirmed the rumours, but wrote on Monday in a notice to the stock exchange that “Brøndby IF regularly receives inquiries from interested investors and continues to have a dialogue with investors to uncover the possibilities for a possible investment in Brøndby IF.”

If the rumors are true, it is far from unimportant how much a prospective investor buys.

If Jan Bech Andersen sells so many shares that the new owner will own more than 33 percent of the entire share capital, this means that the new shareholder will have a decisive influence and must therefore make an offer to the other shareholders for to buy their shares on the same terms as Jan Bech Andersen has sold them, explains investment economist at Nordnet Per Hansen.

“That’s why you can imagine that Jan Bech Andersen sells his ownership in chunks to see what the club’s and supporters’ reaction is,” says Per Hansen and continues:

“For the club, it is very important whether the new investor who comes in shares Jan Bech Andersen’s view of the club. It matters if the new investor comes in with the same intention and dedication towards Brøndby that Jan Bech Andersen has had for a very long time.’

Jan Bech Andersen has invested DKK 275 million in the club over the past nine years.

Source: by

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