Czech billionaire buys Slavia football club from Chinese group

Czech billionaire Pavel Tykac has bought the Slavia Prague football club from the Chinese CITIC Group, SeznamZpravy server writes, saying that the purchase contract was signed today.

CITIC Croup owned the club for five years. Before this, it was owned by another Chinese company, CEFT, which bough it in 2015.

It is not known for how much Slavia was sold. It is estimated in the media that the price is roughly two billion crowns. The football club’s arena, Eden stadium, is a part of the contract.

Jaroslav Tvrdik will keep the post of the head of the club’s board. Tykac will head the supervisory board. "Together with me, my son Michal and my main analyst Jan Bejbl will be there," Tvrdik told the server about the supervisory board.

The entrepreneur and investor Tykac, 59, is the fourth richest Czech, his property being worth 183.3 billion crowns, the Forbes magazine wrote in October. He is a major player in the Czech energy market, being the sole owner of Sev.en Energy Group.

Slavia plays in the top Czech league. In the last seven seasons, it was the league champion four times and the runner-up three times.

Source: SeznamZpravy and CTK
Photo: slavia.cz