A.Gain, a co-owner of Leeds United, has acquired a majority stake in Spanish third-tier football club Real Zaragoza. This move expands A.Gain's multi-club portfolio, which also includes a controlling stake in Colombian side Deportivo Cali and a minority investment in Atletico Madrid.
This acquisition signifies the growing trend of investment groups expanding their reach across multiple football clubs globally, aiming to leverage synergies and create value across their portfolios. It also highlights the increasing interest in Spanish football, particularly in lower divisions, from international investors.
A.Gain, an investment group that co-owns Leeds United, has expanded its multi-club empire by purchasing a majority stake in Spanish third-tier side Real Zaragoza. This move follows A.Gain's acquisition of a controlling stake in Colombian club Deportivo Cali and adds to their portfolio, which also includes a minority investment in Atletico Madrid.
Bobby Aitkenhead, managing director and chief executive of A.Gain, stated that the group focuses on clubs with strong foundations, loyal supporters, and long-term opportunities. He noted that Real Zaragoza possesses a remarkable history, a committed fan base, and the potential for sustainable growth, aligning with A.Gain's investment philosophy.
Real Zaragoza was relegated to the third division of Spanish football for the first time since 1949 last season. The club has faced challenges in recent years, but A.Gain believes its history, supporter base, and infrastructure provide a solid platform for future growth. Former Manchester United player Ander Herrera is a current stakeholder in Real Zaragoza as part of a 40% minority holding alongside Inter Miami co-owner Jorge Mas.