According to the Daily Sports News, Chen Yansheng's sale of the Spaniard has reached its final stage, with a total price of about 190 million euros.
Everyone said that Chen Yansheng's sale of Espanyol has entered the final stage of negotiations, and June this year will become a key month to determine the success or failure of the transaction. It is confirmed that there is an almost accepted final offer on the table. According to people familiar with the negotiation, the deal is in the final stage, waiting for the club's final ruling at the next shareholders' meeting.
And the buyer is the joint owner of ALK Capital Investment Fund, American businessman Allen Pace. He has a deep connection with the sports world - he participated in the operation of the Salt Lake City Club in his early years, and spent about 220 million euros to acquire 87% of Burnley's shares and manage it so far. Now he is seeking to expand his international territory, and Espanyol will become its second major acquisition.
The transaction began with a letter of intent in early 2025, and Pace intends to acquire the club shares held by Chen Yansheng in full. After months of investigation, Pace's team determined that this was the perfect project to enter Spanish football. After the final negotiations began in April, the quotation was officially submitted in May. People familiar with the matter revealed that the total amount was about 190 million euros, depending on the capital increase plan that Chen Yansheng needs to complete in June - this will become the final level of the transaction.
The Chinese boss promised to capitalize more than 38 million euros of debt to Xinghui Entertainment through additional stock issuance, which will enable the club to almost clear the liabilities, restore the 1:1 financial rules and operate the transfer market normally. The shareholders' meeting on July 27 will vote on this. If Chen Yansheng finally accepts Pace's offer, the club can complete the change of ownership by then.
Pace's team clearly denied the rumors involving other clubs, emphasizing that after the Spanish market research, it was locked in Espanyol as soon as possible - due to its fan base, Barcelona's city advantages and youth training system and other asset value. At present, the two parties to the negotiations are highly optimistic about reaching a deal, but the final decision is still in Chen Yansheng's hands.
Allen Pace's vision is to build Espanyol into a regular European game. They believe that the club has development potential second only to Real Madrid, Barcelona and Atletico Madrid, and the key lies in investment in the sports field. Its investment fund specializes in sports technology applications, and has developed a variety of player tracking software and data analysis systems that have been successfully verified in the clubs it operates. They firmly believe that this is the only way to build a champion.