There are two bidders for financially-threatened Espanyol, an American group and a Chinese group, as the club gets close to the wall.
Sport reports that despite attempts by the owners to come up with a solution, debts to the Treasury mean Los Periquitos are in a difficult financial position, with a payment due to the authorities this summer.
A problem plaguing main sponsor Power8 has contributed to the mess and Espanyol could lose the company’s funding, which would put the club in serious danger of going under.
American investment group Cerberus have been in talks with the club and they are said to be at an advanced stage, but Chinese concern Fosun is considered a more practical option.
Fosun’s interest in the club dates back to 2014 but only contacted the club officially recently. Fosun would assume Espanyol’s debt – Cerberus would be joined by an English bank – and pay it off themselves, while Cerberus would use a loan to do so.
Espanyol’s shareholders are said to be hopeful of a development this week but talks have been slow and Fosun are not yet close to buying the club.
Cerberus were previously linked to Valencia but lost out and Los Che were bought by Peter Lim.
