Inter Miami co-owners Jorge and Jose Mas expanded their football footprint by becoming part of an investment group that acquired more than 51 percent of Spanish second division club Real Zaragoza on Friday.
The club announced the acquisition on its website.
The group consists of various investors including the Mas brothers, Joseph Oughourlian, Gustavo Serpa, Jim Carpenter and Jim Miller. The deal is subject to two conditions: Real Zaragoza remaining in LaLiga SmartBank this season and approval of operations by the Higher Sports Council.
The new shareholder group has experience managing clubs worldwide, including Inter Miami, Racing Club de Lens (France) and Millonarios FC (Colombia).
Management is led by Raúl Sanllehí, who has more than 25 years of experience at FC Barcelona, Arsenal FC and in international football organizations such as ECA, UEFA and FIFA.
According to the club’s website: “The project will be driven by the desire to provide the club with a team capable of competing with the best, creating an infrastructure to improve services to fans , as well as to create synergies between the different clubs owned by investors who promote sporting development, financially, commercially and as a brand.”
Jorge Mas told the Herald at the end of February about his plans to invest in Zaragoza and explained why.
“We’re always looking for ways to expand Inter Miami’s footprint in terms of player development,” Mas said. “All that has motivated David and I to look for possible partnerships or investments with clubs abroad has always been how we can improve the Inter Miami squad. This is our flagship property in Miami. Having connections and ownership in different clubs gives you platforms for youth. What an amazing experience for maybe some of our academy players to go through a hopefully La Liga team and vice versa.”
This story was originally published Apr 8, 2022 11:04 am.