Tycoon Slim invests in troubled Spanish team Real Oviedo

The world's richest man, Carlos Slim, is set to become the top shareholder in troubled Spanish soccer team Real Oviedo after investing 2 million euros in the club, his third known sports acquisition so far this year.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Masteryourmoney Earnings
moneycontrol.com

Home » News » Features

Nov 18, 2012, 01.10 PM | Source: Reuters

Tycoon Slim invests in troubled Spanish team Real Oviedo

The world's richest man, Carlos Slim, is set to become the top shareholder in troubled Spanish soccer team Real Oviedo after investing 2 million euros in the club, his third known sports acquisition so far this year.

Like this story, share it with millions of investors on M3

Tycoon Slim invests in troubled Spanish team Real Oviedo

The world's richest man, Carlos Slim, is set to become the top shareholder in troubled Spanish soccer team Real Oviedo after investing 2 million euros in the club, his third known sports acquisition so far this year.

Post Your Comments

Share Cancel

Tycoon Slim invests in troubled Spanish team Real Oviedo
The world's richest man, Carlos Slim, is set to become the top shareholder in troubled Spanish soccer team Real Oviedo after investing 2 million euros in the club, his third known sports acquisition so far this year.

Real Oviedo, once a top team, has gradually lost its luster amid deep financial and labor troubles. They last played in the top flight in 2001 and are now down in the regional Segunda B (third tier) and are currently fourth, five points behind leaders Tenerife.

Many individual investors have responded to the club's appeal for cash in recent weeks. Real Madrid club invested earlier in November some USD 127,100 to help its Asturian rival keep afloat.

"We are at around 35 percent (stake) which makes us, by far, the top holder," Slim's spokesman and chief aide Arturo Elias Ayub told Reuters on Saturday.

He said additional investments in the Spanish team were being received until midnight Saturday. The investment in the Real Oviedo was made via Slim's privately held Inmobiliaria Carso.

The team "has a lot of qualities, has an impressive history, a strong following," Elias Ayub added. "More than a business investment, it was a personal investment (for Slim), a support to the team's fans."

Slim, who owns telecommunications, infrastructure, retail, mining and banking businesses, tapped the sports world in September after his mobile phone giant, America Movil

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Tycoon Slim invests in troubled Spanish team Real Oviedo

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login