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U.S. Investors To Rescue Spanish Second Division Club Reus

Spanish second division side Reus majority shareholder Joan Oliver "will soon end" his tenure with the club, according to Álex Biescas of AS. He sold the club to U.S. investors Russell Platt and Clifton Onolfo of US Real Estate Investment. The club confirmed the news in a statement. Platt and and Onolfo will replace Reus's exec board, "which will be completely restructured." US Real Estate Investment is planning to "not only pay the club's debt, but also inject capital to rebuild the roster" before the end of the winter transfer window. The club's "short-term future" has been secured. Oliver had told his players "they would be free to leave the club if a sale was not completed on Monday." La Liga, however, "has not said whether the change of ownership will represent an automatic solution to the open disciplinary investigation." Reus's new owners "now have to convince La Liga not to expel the team from the second division and force administrative relegation." Platt and Onolfo's first objective is to "stabilize the club." They also aim to build an 18,000-seat stadium and a nearby shopping center "similar to those near many modern stadiums" (AS, 1/21).

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