US entrepreneur now interested in FC Porto

 In Football business, Mergers and Acquisitions, News

The US entrepreneur John Textor says he is no longer interested in becoming a major shareholder in Benfica football club, but now is interested in investing in FC Porto.

The millionaire businessman who was close to closing a deal which would have bought him part of SAD Benfica, is now in negotiations with FC Porto according to Brazilian newspaper Globoesporte, adding that the negotiations between the two parties began at the end of last week.
Textor had been in Rio de Janeiro to sign an acquisition contract for football and regatta company Botafogo which owns Botafogo Football Club and told journalists that he was “interested in investing in Portugal, except in Benfica”, said the entrepreneur quoted by the newspaper after landing in Rio.
“I have made it quite clear that I want to do business in Portugal, in another club, and I think it could be an incredible partnership for Botafogo. In Portugal, under the best of circumstances, when you’re involved with a big club you are a minority shareholder, but you can be one that makes a contribution.
“So, holding the majority shares in Botafogo makes this my main project right now. I’d like to have a minority stake in a club in Portugal which would benefit Botafogo. I think it would be a great idea and I’m still talking with them (Porto FC) there”, said Textor.