CD Leganés finalizes its sale. The Moreno family, until now the largest shareholder of CD Leganés, finalizes its sale to an American investment fund represented by Jeff Luhnowwho will serve as the new president of the entity, according to Brand.
Jeff Luhnow was general manager of the Houston Astros of Major League Baseball (MLB). The executive is president, founder and chief operating officer of Archetype Solutions, a technology company.
The investment fund belongs to the company Blue Crow Sports Group recently created and based in Houston. and aims to invest in the club as part of a long-term project. The intention of the new group is to make between ten and twelve signings this summer.
The Moreno family has so far 92.5% of the shares of CD Leganés
The Moreno family has so far 92.5% of the club’s shares, while CD Leganés itself has 7% of the shareholding. The remaining percentage belongs to small shareholders of the entity pepinera.
Last May, the group announced that it had begun negotiations to sell the majority of its shares with an investment group, as confirmed by the president, Victoria Pavón, and the vice president, Felipe Moreno, in a statement. “The group that is contacting us is from the sports sector, and inspires confidence; and if everything comes to fruition, they will give impetus to the club, ”Moreno assured then.
CD Leganés closed the first half of the year (ended December 31) with a turnover of 6.9 million euros, 68.2% more than the previous year, when it invoiced 4.1 million euros. The entity reduced its net profit to 78,000 euros. Currently, 104 people work for CD Leganés (including sports and non-sports staff), of which 26 belong to office staff.
