Indian company buys majority stake in Spanish 4th tier club Olimpic Xativa
Sudeva International, an Indian-owned firm, has bought 85 per cent stake in Spanish fourth tier club CD Olimpic de Xativafootball Updated: May 26, 2018 09:40 IST
Indians making foray into European club football as owners is not a new phenomenon. Venky’s buying English football club Blackburn Rovers in 2010 being the prime example.
Now, Sudeva International, an Indian-owned firm which also runs Delhi-based club Sudeva Moonlight FC, has bought 85 per cent stake in Spanish club CD Olimpic de Xativa. The club plays in the fourth tier – Tercera division – of Spanish football. La Liga, Liga 2 (Segunda Division ) and Segunda Division B are the top three tiers in Spain.
This is the second time that an Indian has bought majority stake in a Spanish football club. Earlier, businessman Ahsan Ali Syed bought 80 per cent share in then La Liga outfit Racing Santander in 2011. The team is currently playing in the third-tier Segunda Division B.
Anuj Gupta, co-founder of Sudeva, said their aim is to see that Xativa progress to the Segunda Division B. “We have our sights on progressing to the Segunda Division B. This club has a rich past and played Real Madrid in Copa Del Rey in 2013. We want to maintain it,” he said.
Olimpic de Xativa last played in Segunda Division B in 2015-16 season. Xativa finished seventh in Tercera Division Group 6 in 2017-18 season. There are a total of 18 regional groups in Tercera division. Each group has 20 to 21 clubs, with the total number of clubs in the league being 364 across the 18 groups.
The Indian owners also plan to take Indian U-13, U-15, U-18 players to train in the club located in eastern Spain. “Our youth team coaches will be in India in July. We are planning to take 30 players every year to Spain. Out of those, 30 percent (9 players) will be given scholarship by us. Their education will also be funded,” Gupta said.
Sudeva also sponsors the Moonlight Club that player in Delhi Soccer League while they also run various age-group teams in national league.
First Published: May 25, 2018 19:36 IST