American investor admits being "too optimistic" when he last year laid out plans to launch European club acquisitions venture
12 February 2021
Joseph DaGrosa last spring said he wanted to create a City Football Group-style network of primarily European clubs but has so far not been able to get the project off the ground.
The American, a former shareholder of Bordeaux, tells Off The Pitch he overestimated the financial performance of clubs following the pandemic's outbreak.
He claims to be "close in a number of cases," however, he says he will hold out for the right acquisition.
A deal for Southampton, previously believed to be forthcoming, looks unlikely, and DaGrosa's group has instead launched a partnership with Bolivian academy Tahuichi.
American investor Joseph DaGrosa wants to create a City Football Group-style network of primarily European clubs. But the plans, promoted by the former Bordeaux shareholder in multiple international publications, have so far failed to get off the ground – despite DaGrosa in June last year proclaiming he "would like to get something done in the next few months."
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