• Hong Kong unit to spend up to £14m on controlling stake
• Espanyol are 10th in the La Liga standingsChina’s Rastar Group said on Monday its Hong Kong unit is to take up to a 56% stake in Spanish football club Espanyol as Chinese companies continue their investment in European clubs.
Principally engaged in model car and related raw materials trade, the company said it will pay €78 (£55) for each share of the La Liga club for a 45.1-56% stake in a deal valued between €14.3-17.8m (£10.1-£14m).
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Source: theguardian.com