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Pitchwise to buy 42% Valencia CF stake, values the Spanish football club at $1.4 billion

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In short

Pitchwise Holdings is acquiring a 42% stake in Valencia CF, valuing the Spanish football club at $1.4 billion. Pitchwise will pay 1.25 billion euros, or approximately 1.25 billion euros, for the stake. The deal is expected to close in the coming weeks.

Key points

  • Pitchwise Holdings is acquiring a 42% stake in Valencia CF.: Pitchwise Holdings is acquiring a 42% stake in Valencia CF.
  • The deal is expected to close in the coming weeks.: The deal is expected to close in the coming weeks.

Sources checked by our analysis pipeline: 1

HONG KONG, Oct 23 : Pitchwise Holdings will acquire a 42 per cent stake in Valencia CF in a deal that values the Spanish football club at 1.25 billion euros ($1.4 billion), Valencia said on Friday.

($1 = 0.8937 euros)

Source: Reuters

Original source: www.channelnewsasia.com

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