Botafogo in the process of being acquired


Already holder of 18% of the shares of Crystal Palace, John Textor, co-owner of the Eagles, is preparing to offer himself 90% of the shares of the Brazilian club Botafogo, back in the elite. Information confirmed on Monday by the president of the former Garrincha formation: “We are going to sign a contract with Eagle Holdings”, fund managed by Textor, “Which will ensure a bright future for Botafogo”, said the president of the Rio club, Durcesio Mello, in a video posted on Twitter.

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While the Brazilian club has just ensured its return to the elite, local media claim that the American businessman will invest 400 million reals, or about 62 million euros, over seven years. An investment subject to the agreement which must be validated by the board of directors and the shareholders’ meeting of Botafogo.


Source: Foot Mercato : Info Transferts Football – Actu Foot Transfert by www.footmercato.net.

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