US investor aims to capitalise on "buyer's market" in European club acquisitions venture

GACP Sports' Joseph DaGrosa has up to €1 billion to spend to create a City Football Group-style network of primarily European clubs.

He believes it's in UEFA's best interest to ease restrictions limiting clubs who share owners from competing against each other, in order to create a better environment for investment.

Conversations he has had with club shareholders leads him to believe he can acquire European clubs for a discount of up to 40 per cent due to the coronavirus pandemic.

DaGrosa is in some cases talking to clubs' debt holders instead of their owners about purchasing shares, a sign of the financial trouble some are in.