Radrizzani strikes business deal to buy shares in company involved with Lionel Messi & Neymar
Andrea Radrizzani may have cooled talk on finding new investors at Leeds United but it hasn’t stopped his company Aser Ventures from buying shares in Otro.
According to an Aser statement, as shared on Sport Business’ website, Aser has entered into a “strategic partnership” with US-based investment fund Corrum Capital Management which involves sharing “management expertise and investment opportunities across their respective portfolios”.
It is understood that, as part of the deal, Aser has become a shareholder in Otro, which is a digital footballing platform that has been involved with huge superstars such as Lionel Messi, Neymar, David Beckham, Zinedine Zidane, Luis Suarez, Dele Alli, Romelu Lukaku and more.
Corrum were one of the first investors in Otro, who will now use Radrizzani-owned Aser’s expertise in providing digital football content as they also own Eleven Sport.
Speaking of the new business deal, Radrizzani said:” Aser Ventures will use our management expertise and global network of media partners to drive value for Otro and its key stakeholders including Corrum Capital. In return, Aser will have an excellent new strategic partner in Corrum Capital and the opportunity to support the growth of an exciting and ambitious company in Otro.”
It sounds like quite a big deal for Leeds’ owner, who has made noises recently about trying to find new investors at the Yorkshire club.
QSI has been constantly linked with a takeover at Elland Road and while talk of that stirred up again last week, Radrizzani was quick to shoot it down, suggesting that the current coronavirus outbreak has put a pause on any potential deals.
Still, it hasn’t stopped this deal from taking place.
In other Leeds United news, Phil Hay has shared what sources have told him about Leeds’ rent payments for Elland Road.