Updated
Updated · Bloomberg · Jun 29
Bridge Football Group Buys 96% of Grasshopper Zurich From LAFC
Updated
Updated · Bloomberg · Jun 29

Bridge Football Group Buys 96% of Grasshopper Zurich From LAFC

2 articles · Updated · Bloomberg · Jun 29

Summary

  • Bridge Football Group agreed to acquire more than 96% of Grasshopper Club Zurich, taking control of one of Switzerland’s most storied football clubs.
  • Los Angeles Football Club is selling the stake, according to a Monday statement, though the companies did not disclose financial terms.
  • The deal shifts ownership of the Swiss side from the MLS-backed LA organization to Bridge, extending the investor group’s footprint in European football.

Insights

With multi-club ownership models failing globally, is this acquisition a risky bet or a new blueprint?
Will a 'locally anchored' strategy truly work under a global ownership group?