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TheLatin.News™ > Blog > News > Portugal > Foreign millionaires investing in Portuguese football
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Foreign millionaires investing in Portuguese football

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Last updated: August 14, 2024 8:10 pm
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The 2024-2025 season of the Portuguese football league kicked off this Friday, with champions Sporting hosting Rio Ave. Rio Ave has recently become 80% owned by the richest man in Greece, Evangelos Marinakis, who has a fortune estimated at 3.6 billion dollars. But this is not the only case, with other clubs going through similar processes.

According to ECO, Evangelos Marinakis bought 80% of Rio Ave’s Sociedade Anónima Desportiva (SAD), with the Vila do Conde club joining a group of teams that it owns, namely Olympiacos (Greece) and Nottingham Forest (England).

But there are more foreign millionaires investing in Portuguese football clubs….



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