TV magnate Zygmunt Solorz-Zak, considered Poland’s richest man, on Wednesday became joint owner of Polish top-flight football club Slask Wroclaw.
Inking the deal to buy Slask, which is based in Wroclaw in Poland’s southwestern region of Silesia, Solorz-Zak told reporters the deal made business sense for him and was crucial for the club.
The price tag was not revealed.
Under the terms of the accord Solorz-Sak -- who owns the country’s top private television channel Polsat -- will eventually become the club’s majority owner.
Slask have been kept going for the past three years thanks to funds from Wroclaw city hall, local mayor Rafal Dutkiewicz said.
The club currently stand sixth in Poland’s Ekstraklasa first division, to which they were promoted this season.
They are trying to return to the glory days of the 1970s and 1980s, when they topped the league on several occasions, as well as winning the Polish cup and managing credible showings at European level.
Under Wednesday’s deal, Wroclaw city hall will also lease Slask land next to the stadium being built to host matches during the 2012 European championships, which Poland is co-hosting with Ukraine.