Liga BBVA: Chinese shareholder "will allow us to progress on every level" (RCD Espanyol)

"We are confident that the new shareholder of the club will allow us to progress on every level. We will build a better Espanyol that is future-oriented, as well as economically and sportingly stronger," said the board of RCD Espanyol (Liga BBVA), on 03/11/2015.

Rastar Group, the Chinese company specialising in raw materials, manufacturing and model cars, announced on 02/11/2015, that they had reached an agreement with Daniel Sanchez Llibre and Ramon Condal, two former presidents of the Barcelona club who are still among its major shareholders, as well as the club's minority shareholders. The agreement, estimated at €14m, will enable Rastar Group to buy up to 45% of the capital of RCD Espanyol. The Chinese company could, according to the Spanish media, increase its stake up to 56% in the coming months.

"We are convinced of the growth potential of RCD Espanyol on every level, and the decision made by Rastar Group confirms that the club should continue its work towards financial stabilisation and the permanent improvement of its economic, social and sporting projects," said the board…