Alexander Bah, the CEO and co-founder of Benfica, has announced that the club is in talks with Chinese investors to potentially sell a stake in the team.
Bah made the announcement during a press conference on Tuesday, saying that discussions were ongoing with several parties interested in buying into the club. He did not specify which companies or individuals were involved,Serie A Stadium but said that they had been approached by multiple entities.
The Chinese investment comes as part of a broader push by the Portuguese football club to expand its reach internationally. The club has already signed deals with several Chinese companies, including a sponsorship deal with China Mobile Communications Corporation.
Bah said that the Chinese investment would allow Benfica to "strengthen our position in the international market" and help the club to "continue to grow and develop."
He added that the sale of a stake in the club was still at an early stage and that the decision would ultimately be up to the board of directors.
The move to sell a stake in Benfica comes after the club struggled financially in recent years, with the club being forced to cut costs and lay off staff members. The new Chinese investment could provide much-needed financial support for the club and help it to continue to compete at the highest level in European football.