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City Of Wroclaw Acquires Full Control Of Polish Football Club Slask Wroclaw

The city of Wroclaw, Poland "has acquired full control over local football club Slask Wroclaw," according to Jaroslaw Adamowski of INSIDE WORLD FOOTBALL. Slask currently plays in the Ekstraklasa, "the top tier of Poland's professional football league" and is currently the league champion. In "an unusual move" -- top clubs generally go from public to private ownership rather than vice versa -- "the city of Wroclaw will use its funds to safeguard the club's future and revamp the club's finances." Under the deal "Wroclaw purchased a 51% stake in the club from Polish billionaire Zygmunt Solorz-Zak who acquired his shares" in April '09. Local media reported that Solorz will receive 3.6M zloty ($1.2M) for his shares, and a further 18M zloty ($5.8M) "for land owned by the club from the city" (INSIDE WORLD FOOTBALL, 11/25).

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