Espanyol to be taken over?

Espanyol are in advanced negotiations for the sale of the club to two potential buyers, reports Sport.

Los Pericos’ biggest shareholders Daniel Sanchez Llibre and Ramon Condal have spent several months in talks with a United States investment fund and a Chinese conglomerate, with the final cost of the operation expected to exceed €100m.

It is understood that up until now the most interested party has been the one from the US, with an unnamed former Espanyol player said to be involved, and the company’s chief executive has already visited Barcelona on three separate occasions.

Sources say the owner of the capital fund has been negotiating to purchase a Premier League club since the turn of the year, while the Chinese are also showing interest in Espanyol with talks having been ongoing since November.

No firm decision has been made regarding the sale, which would come with certain obligations such as payment of the club’s debt, and buyers would be committed to buying shares from small shareholders wishing to sell.

In addition, there would be a clause stating that the club could not change its name or location and there would need to be significant investment in the playing squad.