Businessman John Textor offers 50 million euros for 25% of FC Porto’s SAD

The American investor refuses the offer and speaks of speculation, but the negotiation process is ongoing.

March 19, 2022 at 4:07 p.m.

John Textor denies having advanced with a proposal of 50 million euros for 25% of FC Porto’s SAD. Following the information conveyed by a journalist from SIC on his social networks, the investor used Twitter to provide his details. “It’s pure speculation. It’s no secret that I love Portuguese football, but I didn’t make an offer for FC Porto and I didn’t hire intermediaries to act on my behalf,” he wrote.

The North American emphasizes his position, but the disk confirmed it was an ongoing process, and even John Textor’s interest in FC Porto is public knowledge and has never been denied. The investor, who had tried to join Benfica’s SAD while he was still in the presidency of Luís Filipe Vieira and had listened to this possibility again after the election of Rui Costa, had reiterated his intention, in January, to investing in a Portuguese club, without excluding FC Porto as one of his favorite targets. John Textor is currently linked with Botafogo of Brazil, Crystal Palace of England and Molenbeek of Belgium. If an agreement is reached with the businessman, namely for 25% of the shares, FC Porto will have to carry out a capital increase, even a slight one, in order to be able to retain the majority (at least 51%) of the ‘business. . Currently, the shareholder structure of SAD is supported by FC Porto itself, which directly holds 74.59% of the voting rights, with a total of 75.99% of those attributable to it thanks to the participation of directors Pinto da Costa, Alípio Fernandes and José Américo. love. Former player, manager and trainer António Oliveira is the biggest private investor, with a total of 7.34% of the voting rights, followed by Joaquim Oliveira, via Olivedesportos, with 6.68%.

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