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Pique's investment group Kosmos takes over FC Andorra

Pique's investment group Kosmos takes over FC Andorra
FILE PHOTO - Soccer Football - La Liga Santander - FC Barcelona v Celta Vigo - Camp Nou, Barcelona, Spain - December 22, 2018 Barcelona's Ousmane Dembele celebrates scoring their first goal with Gerard Pique REUTERS/Albert Gea -
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ALBERT GEA(Reuters)
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BARCELONA (Reuters) – Barcelona defender Gerard Pique has expanded his business stable by taking over tiny Spanish lower-league soccer club FC Andorra, the player’s Kosmos investment group said on Saturday.

“The General Assembly of FC Andorra has unanimously approved the transmission of its assets in favour of an Andorran company jointly managed by different investors, including Kosmos,” said the company’s statement.

“Kosmos welcomes the decision made by the club. The company adds this project to its global portfolio linked to sports, media and entertainment ventures.”

FC Andorra, founded in 1942, play in the First Regional Catalan Division and spent 14 seasons in Spain’s regionalised third tier, Segunda Division B.

Kosmos, founded by Pique, who is also the CEO and president of the firm, is most famous for its takeover of tennis’s Davis Cup, injecting $3 billion dollars into the 118-year-old competition over the next 25 years and creating a week-long format akin to a World Cup due to start next November in Madrid.

The company’s portfolio also includes the television production company Kosmos Studios.

Pique, a four-time Champions League winner with Barcelona and Manchester United who quit the Spain national team last July, also founded a video game and mobile app developer Kerad Games.

(Reporting by Richard Martin; editing by Clare Fallon)

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