Granada sale confirmed

Granada are under new Chinese ownership with Media Base Sport to pay Gino Pozzi €37m for the club.

AS reports the deal has yet to be ratified by the Sports Council and nor has relevant due diligence been carried out, but the company will make payments to Pozzo over the next two weeks.

Pere Guardiola, brother of Pep and a prominent agent, has been involved in the arrangement and AS adds he will have a strong say in the running of the Andalusian club in the future, but the owner is businessman Jiang Lizhang.

Jiang becomes the second Chinese owner in La Liga after Chen Yansheng at Espanyol, while Atletico Madrid are part-owned by Wang Jialin.

Tags Gino Pozzo