The total price is 135 million! AS: The Espanyol team changes ownership, and the American consortium replaces Chen Yansheng as the owner

October 9th, according to the "AS" report, the ownership change transaction of the Espanyol Club was completed on Wednesday. Velocity Sports Limited (VSL), a British-American investment fund led by American businessman Alan Pace, officially became the new owner of the club, replacing the previous Chinese owner Chen Yansheng and his Xinghui Group.

It is reported that VSL acquired 99.65% of the club's shares, with a total transaction value of 135 million euros, including 60 million euros in cash, and Xinghui Group holding 16.45% of VSL's shares (valued at 65 million euros).

VSL is also the owner of the Premier League club Burnley. Unlike Chen Yansheng, who has been absent for a long time and led the team to relegation twice during his tenure, the new boss Pace has a deep connection with the local area. He studied for a master's degree in Barcelona in the 1990s and can speak fluent Spanish. This was seen as a positive sign, indicating a more down-to-earth management style.

In the Chen Yansheng era, although Xinghui Group injected nearly 200 million euros to help the club clean up its finances, the team's management was chaotic and its results were like a roller coaster, with it being relegated twice in five years.

The goal of the new owner VSL is to elevate Espanyol to the same strategic position as Burnley and achieve more effective resource management to avoid repeating the same mistakes and lead the club into a stable new era.