BREAKING NEWS

BREAKING NEWS

Cambodian investors eye takeover of one of Poland's oldest soccer clubs

Cambodian investors eye takeover of one of Poland's oldest soccer clubs
Text size Aa Aa

WARSAW (Reuters) - Wisla Krakow, one of the oldest professional soccer teams in Poland, will be sold to a Cambodian-backed syndicate of investors, the city's president said on Tuesday evening.

A conditional agreement with a Luxembourg-British syndicate of investment funds was signed on Tuesday and will be finalised in the coming days, said Sport Company Wisla Krakow, without giving any further details.

"As far as I am concerned an agreement was signed today with an investment fund, behind which are Cambodian investors," president of the city of Krakow Jacek Majchrowski said during a Facebook interview. "The fund is specialised in restructuring and then selling (...)"

A club spokeswoman declined to comment on Wisla's new owner.

Wisla Krakow, who last won the Polish championship in 2011, have been experiencing financial problems in recent months.

"For me the most important thing is that Wisla will not go bankrupt, nor will be relegated to the fourth league," Majchrowski added.

(Reporting by Anna Koper; Editing by Martyn Herman)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.