New England Patriots owner Robert Kraft linked to Sevilla takeover

American businessman reportedly close to acquiring 40 per cent stake in Spanish soccer club.

New England Patriots owner Robert Kraft linked to Sevilla takeover

Getty Images

Robert Kraft, owner of the National Football League’s (NFL) New England Patriots, is close to agreeing a deal to acquire a significant stake in La Liga side Sevilla, according to Spanish media reports.

Spanish radio broadcaster Cope says that the sale of a 40 per cent stake in the Spanish soccer club could be concluded with a “US investment group” this week.

Kraft, who is chairman and chief executive of the Kraft Group, is apparently leading this consortium, possibly through an investment company called ‘Sevillistas Unidos 2020’.

Spanish newspaper Mundo Deportivo notes the investment reports come amid a battle for power at Sevilla.

Apparently in the last few months there have been “exorbitant offers” to buy small packages of shares of the club, with offers climbing above US$1,750 for a share whose nominal value a year ago was US$70.

Kraft has an estimated fortune of US$4.17 billion, according to Forbes, and acquired the Patriots in a US$175 million deal in 1994. In 2005, the 77-year-old was linked to a takeover of English Premier League outfit Liverpool, which is at present owned by Tom Werner through Fenway Sports Group, which controls Major League Baseball (MLB) side, the Boston Red Sox.

Along with the Patriots, the Kraft Group already has ownership of Major League Soccer (MLS) charter member New England Revolution, and in July 2017, Kraft further diversified his business interests by acquiring the Boston franchise for esports competition the Overwatch League.