Owned by a Chinese businessman since 2016, Granada is for sale. And very quickly. The price of the club could drop.
Promoted in Liga last season and came 7th in the standings, Grenade playing a European Cup for the first time in its history. At least, the Andalusian formation is opposed in the play-offs of the Europa League in Malmö, Thursday in Sweden. However, it is far from the Alhambra that the future of “El Grana” is played out, where Dimitri Foulquier is playing, Maxime Gonalons and veteran Roberto Soldado.
The Chinese owner of the Grenade CF, Jiang Lizhang, has been looking for a buyer for many months. It was in June 2016, for 37 million euros, that the modest club went under the Chinese flag, with the Pozzo family in charge (these are the Italian family that owns Udinese and Watford).
The Chinese are leaving Europe …
The young 39-year-old businessman has invested heavily in sport (in addition to Granada, Parma, Tondela in Portugal and Chongqing Dangdai Lifan in Chinese D1 and the Minnesota Timberwolves in the NBA). But it is now part of the many Chinese investors who no longer really see the point of playing the patronage of the Old Continent. The Dalian Wanda Group, for example, sold its 17% stake in Atlético in 2018.
Jiang Lizhang therefore hoped to sell Grenada during the summer, but the health crisis has probably delayed his plans. As reported The Athletic, intermediaries try to find a buyer as quickly as possible. The club’s price was initially set at 70 million euros but could drop sharply given the Chinese businessman’s eagerness.
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