International investors eye Spanish clubs outside LaLiga ahead of lower league restructure

24 August 2020

Photo: PA Images Last year, US businessman David Blitzer led a takeover reportedly worth between €12 million and €14 million for second-tier AD Alcorcón.

Individual and institutional investors are interested in buying Spanish clubs outside the top division, LaLiga, according to a group that advises on sport M&A.

Goalnomics, which helps clubs and investors with management strategy and sales and acquisitions, reports enquiries from individuals and international private equity groups.

The flurry of interest comes ahead of moves to restructure and professionalise the third tier of Spanish football.

The opportunity to purchase a club cheaply and plot a clearer path to promotion is attracting investors.

Segunda División B, the sprawling third tier of Spanish football, is known as "el pozo" ("the well") because once you fall in, it is hard to escape.

Yet the teams within the once-undesirable division, which currently consists of 80 clubs divided in four groups of 20, are generating interest from international investors, according to a sports management group.

LaLiga has helped to spread the Spanish football brand around the world

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