Wednesday, September 16, 2015

Chinese Consortium is buying Espanyol

The Chinese Consortium `NHA` is the most likely new owner of Espanyol. The deal for the purchase of a controlling stake of the Asian company is expected to happen in the coming weeks.
The Chinese are willing to pay 10 million euros for a 51% stake in the Club and to cover all debts of the Catalans.
`NHA` is a Chinese conglomerate, and his President`s Chen Feng, who has interests in aviation and tourism. His property is the fourth-largest Chinese airline `Hyman Airlines`.
Chen Feng intends to make serious investments in Espanyol, as long as the deal to be implemented.

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