Crisis-stricken La Liga 123 outfit Reus have been bought by US Real Estate Investment Bankers as their short-term future appears to be secured.
The club’s scheduled weekend clash against Las Palmas was called off amid concerns for the club’s future and widespread reports that their players had not been paid.
Joan Oliver, who helped guide the club into the second tier of Spanish football, could no longer commit to the investment levels required amid reports of unpaid wages and fees.
Russell C. Platt and Clifton V. Onolfo have now bought 99.7% of the club’s shares, it has been confirmed, while they have also announced plans for a new 18,000 seater stadium (their current Estadio Camp Nou Municipal holds less than 5,000).
The club’s website describes Platt as “a founder of Morgan Stanley Real Estate and Chairman of Forum Partners and Greppon Advisor” and Onolfo as the “former Owner of Connecticut Wolves SC of USL Div 2 and Global Cities Co-Investment Real Estate Capital Markets Fortune.”
The Catalan club currently lie in the relegation zone of Spain’s second tier with 21 points from 21 games but there were real fears the club wouldn’t complete the season without guaranteed investment.