Sport Republic, owner of Premier League club Southampton bought 70% of the controlling stake in Turkish second-ranking club Göztepe, the club Friday confirmed.
The purchase made Sports Republic first foreign investor in Turkish language football.
Existing contributors of Göztepe will keep 30% stake in The club that was relegated from the first class last season.
Rasmus Ankersen, co-founder of Sport Republic, who He visited Turkey to continue negotiations, was set club’s new president.
“Kunha” first foreign investors in Turkish language football Come with Rasmus Ankersen, CEO, said: of Sport Republic and newly appointed Chairman of the Board of Goztepe.
“we know wouldn’t be without it challengesbut we are committed to-term Vision of Realizing the potential of Goztepe”.
After I bought 80% stake in Southampton in January this year, the London-based investment firm building a file of high leverage stakes in football Clubs that operate similarly to the Red Bull franchise or City Football Group.
Sport Republic is founded by Henrik Kraft and Rasmus Ankersen, Brentford’s former Share-director of football. Serbian-born businessman Dragan Sulak, who is the founder of alternative telecom United Group provider, is lead investor.
“We are very excited to announce our investment in Göztepe SK and add The club for the Republic of Sports family. We were working on this is for It’s been a long time and we’re so glad possible to reach an agreement.
“Ambition of All of us In Sport Republic is build a file of high leverage stakes in football Clubs and other sports assets across the world and then use Our widest portfolio of sports technology Companies to speed up development of those companies. We can’t wait to get started and begin Our implementation strategy with Goztepe,” Kraft said.
The Athletic newspaper reported in June, that was the republican sport also benefit in get teams with The ability to play in Top flights in Belgium, the Netherlands, Portugal and Turkey.
With these tournaments considered “second division” competitions – below The top five leagues in Europe – it helps for the stuff of Obtaining the approval of the FA when signing players From there, according to The Athletic.
Mohamed Sibil who He was previously the largest shareholder of Guztepe said: “We are delighted to welcome the investment of Sport Republic in Goztepe. This is the beginning of a new the classroom in Turkish language football with Become Sport Republic first foreign investor in football in our country.
“With Sport Republic experience And the global Attend, it will be Goztepe more from show team compete in highest level. it will be team who develops young talent competes with local talent playing side by side with international playersbecomes a channel for Turkish language players for they international Careers ” added.
