Overview

• The deal, announced July 14, sees Velocity Sport Limited, backed by ALK Capital and minority investor J.J. Watt, agree to acquire a majority stake in RCD Espanyol from Rastar Group.
• Rastar Group will roll its remaining shares into the new investment vehicle and retain a stakeholder role under the agreement.
• Espanyol and Burnley will continue to operate independently despite sharing financial backing through Velocity Sport.
• The agreement remains subject to final administrative formalities before it can be officially completed.
• Espanyol becomes the newest club in Velocity Sport’s expanding network, mirroring a trend seen at City Football Group and other Premier League owners with multi-club interests.