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Southampton is in talks about a two hundred million pound acquisition with US billionaire Joseph DaGrosa.
GACP Sports Capital president showed interest in buying Newcastle United in December 2019 after having constructive talks with Justin Barnes, Mike Ashley’s top trusted senior advisor.
Although these discussions resulted in a formal offer, it remained on the market to buy a European club after promoting its participation in the French aspect of Bordeaux and, according to Mail Online, DaGrosa entered an era of exclusive negotiations with Southampton owner Gao Jisheng.
However, it is unclear whether the offer will be a success because it is a giant loan. Southampton is already in the process of paying off a he abundant debt after getting a 70 million pound loan from MSD Capital this summer, American entrepreneurs connected to sunderland’s acquisition last year.
DaGrosa, who has rated the Premier League as the “grandfather of all” when it comes to making an investment in football, is now looking to advance plans to create Kapital Football Group’s (KFG) home ownership platform, which will see his organization own several football teams. clubs in a similar style to the city organization created through the owners of Manchester City.
He showed earlier this week that he felt it was the best time to invest in a European football club.
“I think it’s imaginable to buy clubs at a lower cost than a few months ago, but more importantly, there’s a chance to win players, at least for upcoming movement market windows, with significant discounts because clubs want money. “DaGrosa told CNN Sport.
“Almost all clubs, with a few exceptions, have tactics to consolidate their finances and the easiest way to do that is to sell players.
“Everyone is aware of the desire not to be relegated and so on, but I think many clubs face a very complicated selection in terms of staying in the standings and generating cash by selling players and I think many of them, are forced to sell the players they would like to keep differently.
“I think it’s a very smart time if you can play the offense in this movement market window and be on the client side; I think it’s a very smart time to be on the client’s side. “