Chinese investors considering €160 million Betis takeover bid
Canal Sur Radio reported the interest from abroad in buying out Betis' shareholders after the club sought sponsorship deals in the Far East.
The institutional situation at Betis remains shrouded in doubt but a new possibility has emerged after Canal Sur Radio reported on Monday that a Chinese conglomerate is considering launching a takeover bid for the Liga club.
According to Canal Sur, the unidentified consortium is planning to table an offer of 160 million euros to acquire control of Betis and has come about as a result of club chief executive Ramón Alarcón’s recent trip to the Far East to drum up sponsorship deals.
Betis are in an institutional quandary with over 30 percent of the club’s shares in the hands of Farusa, a company owned by former president Manuel Ruiz de Lopera and which are currently under a judicial embargo over alleged irregularities in the transfer of Betis’ status to a public limited company.