Overview

• Rastar Group announced a preliminary agreement to transfer its 99.66% share of RCD Espanyol to Alan Pace’s Velocity Sport Limited, subject to customary regulatory clearances.
• The transaction includes an immediate €65 million cash payment and an equity swap into the new investment vehicle.
• Chen Yansheng will retain a 16.45% stake in the combined group as a condition of the sale.
• Espanyol will join Burnley FC under Velocity Sport’s multi-club model while preserving each club’s independent day-to-day operations.
• Espanyol CEO Mao Ye will remain in his role temporarily during the ownership transition.