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Moreirense FC secures investment from American billionaire William P. Foley II
Moreirense FC, based in the small village of Moreira de Cónegos, Portugal, has officially confirmed a change in its shareholding structure. The British corporation Black Knight Football Club UK, led by American billionaire William P. Foley II, will invest 15.8 million euros to immediately acquire 62.6% of the club's Sports Public Limited Company (SAD). The agreement, approved by 94% of club members, aims to increase foreign control to 70% in future stages.
The investment includes 10 million euros dedicated to the expansion and modernization of the club's sports village. Under the leadership of president Vítor Magalhães, the club has set a priority goal to construct a new, modern stadium for 10,000 spectators by 2030. The new arena will be located near the current Estádio Comendador Joaquim de Almeida Freitas and will include 3,500 parking spaces.
Entities
Black Knight Football Club UK · Moreira de Cónegos · Moreirense FC · Vítor Magalhães · William P. Foley II