Espanyol has been on the market for some time, but a resolution may be on the horizon. This time, the potential buyer is not a billionaire entrepreneur but a former FC Barcelona player with ambitions to own the club. Martin Braithwaite, who left a significant impression during his time at Cornellà, has expressed his interest in becoming the new owner of the “perico” team.
According to La Grada, a media outlet dedicated to Espanyol, Braithwaite has enlisted one of Spain’s top law firms to oversee the transaction. While he is ready to make a substantial financial commitment, he is also seeking support from an investment group to craft a proposal that resonates with the club’s fans.
Braithwaite has formally informed Espanyol of his intention to acquire the club and is currently assessing its financial and operational status. His interest is genuine, and he is preparing a compelling proposal aimed at convincing the current owner, Chinese businessman Chen Yansheng, to sell.
Martin Braithwaite’s Fortune: Over $300 Million
Braithwaite has the financial resources to buy Espanyol, especially with the backing of an investment group. His real estate ventures in the United States alone are valued at over €230 million, and he manages several other business endeavors.
In addition to real estate, Braithwaite owns a restaurant, Braithwaite’s Kitchen, located in Gavà, which he operates with his wife. His sports career, now continuing at Gremio, has also contributed significantly to his wealth.
Despite his financial capacity, Braithwaite is carefully analyzing Espanyol’s financial situation before making a formal bid. He intends to ensure the club is a viable investment and plans to involve financial partners in the process.
Espanyol’s Asking Price and Braithwaite’s Plans
About a year ago, Chen Yansheng put Espanyol up for sale with an initial asking price of €120 million. The price increased to €170 million if the team achieved promotion to the First Division.
This valuation is well within Braithwaite’s reach, especially considering his significant net worth and investment portfolio. He remains focused on becoming Espanyol’s majority shareholder and is taking meticulous steps to ensure his proposal meets the club’s and fans’ expectations.
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