Czech Billionaire Pavel Tykač Acquires Slavia Prague

Tykač, a lifelong fan, will chair the board as the club transitions from Chinese investment group CITIC's ownership.

Pavel Tykač, the fourth-richest Czech, has acquired Slavia Prague from Chinese investment group CITIC.
The deal includes the acquisition of Slavia’s stadium.
Tykač, a diehard Slavia fan, will chair Slavia’s board.
Under CITIC’s ownership, Slavia reached the quarterfinals of European competitions three times, won three domestic titles and three Czech cups.
The sale is expected to get final regulatory approval in February.