The Perico Club has issued an official statement that confirms the sale of the club to the Velocity Sport Limited (VSL) group and Rastar that completely distinguish themselves from Espanyol.
Bombshell News broke this Monday at 2 p.m. on Espanyol. Espanyol changes owner, such as the current majority shareholder and chairman, Chen Yansghen, has sold the club to Velocity Sport Limited (VSL), a group with an English parent company, but also with American shareholders.
This is the official statement:
The Rastar Group, the majority shareholder of RCD Espanyol, has recently reached an agreement with the English Velocity Sport Limited (VSL) Group, which also comprises American shareholders, to become a shareholder in this holding company and participates in a strategic alliance that RCD Espanyol will place the only club up to date.
In this way, both the Blue and White team and the English club will be part of this investment group, although each remains independent, which extends its interests by having a club in the top flight of Laliga and another in the Premier League.
This formula for business integration makes it possible to exist two models of historical clubs that will operate independently, although they are supported by the same economic group. Despite the agreement reached, this process is still awaiting officialization and completion until all administrative procedures are formalized.
In this way, Rastar does not relieve RCD Espanyol, but rather the shares become part of this new investment vehicle that will have interests in both clubs. With this step forward in management, Rastar confirms that this integration in the VSL group will strengthen both the economic and the sporting structure of RCD Espanyol.