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PRAGUE (AP) — Czech businessman Pavel Tykač has acquired Slavia Prague from Chinese investment CITIC, the club announced Thursday.
Tykač, an investor in the energy sector, is the fourth richest Czech, according to Forbes, whose wealth is estimated at $8. 2 billion.
Terms of the deal were revealed. The transaction includes Slavia’s stadium.
Tykač, 59, said he is a staunch Slavia fan, like his father and grandfather, and that it would be “a wonderful honour” for him to oversee the club’s development. He will chair Slavia’s board of directors.
During CITIC’s five years of leadership, Slavia reached the quarter-finals of European competitions 3 times, won 3 national titles and 3 Czech Cups.
The club for the knockout stages of the Europa League this season.
The sale is expected to get final regulatory approval in February.
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AP Soccer: https://apnews. com/hub/soccer
The Associated Press
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