This article is republished here from Insider Sport
Agrupación Deportiva Alcorcon S.A.D., a Spanish football team based in Madrid, has undergone a takeover from an investor group which includes MSP Sports Capital (MSP), Ivan Bravo and David Blitzer.
The Spanish side, which was founded in 1971, currently plays in La Liga Smart Bank, the Spanish second division, and plays its home matches at the Municipal de Santo Domingo in Alcorcon.
Jeff Moorad, a principal of MSP, commented on the partnership: “I am excited to partner with David Blitzer and Ivan Bravo and to add Agrupación Deportiva Alcorcon to our sports portfolio. The Alcorcon community, the club’s rich history and recent performance, along with its proven ability to develop quality players, makes it a natural fit for the European platform MSP is continuing to build.”
MSP is a diversified sports group based out of the USA with targeted investments in sports related properties at the intersection of sports, global media rights, distribution technologies, content creation, sponsorship, esports, betting, and data.
Moreover, MSP’s principals have experience as owners, investors and operators in the National Football League (NFL), Major League Baseball (MLB), National Basketball Association (NBA), ESPN, and sports management.
Fellow MSP principal and Phoenix Suns part owner Jahm Najafi added: “We hope to contribute our experience in professional sports so that Alcorcon as well as La Liga can continue to evolve as leaders in global football.”
Alcorcon notably recorded a historic 4-0 victory over Real Madrid in November 2009 and has been a mainstay in the Spanish second division since 2010. They are next in action tonight when they host table-toppers Cadiz CF.