OFFICIAL STATEMENT
The RASTAR Group, the majority shareholders of RCD Espanyol, have reached an agreement in the past few hours with Velocity Sport Limited (VSL), an English-based group which also has American shareholders. In this agreement, VSL will become shareholders in this holding company and participate in a strategic alliance that will position RCD Espanyol at the same level as Burnley FC, the only club in this group up until now.
With this deal, RC Espanyol and the English club will be part of this investment group, which expands its interests by having a club in LaLiga and another in the Premier League -although each will remain independent,
This business integration formula allows for the coexistence of two historic clubs that will operate independently, although they will be supported by the same financial group. Despite the agreement reached, this process is still pending officialisation and completion until all administrative procedures are formalised.
RASTAR is not disassociating itself from RCD Espanyol, but rather its shares will become part of this new investment vehicle that will have stakes in both clubs.
Likewise, with this managerial step forward, RASTAR underlines a firm conviction that this integration into the VSL group will strengthen both the economic and sporting structure of RCD Espanyol.
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