Nneka Ede, a Nigerian business entrepreneur, is now the first African woman to own a European football club after buying Lusitano Ginasio Clube, a Portuguese third division side, for an undisclosed amount.
A statement released on Thursday revealed that Ede has secured 100 percent ownership of the 108-years-old clubs. The statement further reads: “After months of negotiations with different entities, an agreement has been reached with Mrs Nneka Ede, a sports enthusiast and entrepreneur from Nigeria, a country filled with people as passionate and fiery about football as us and which incidentally share the same green and white in their flags, towards the transfer of the ownership of the SAD to the latter that will help us in our mission to take Lusitano to the next level.”
Speaking on the development, Ede believes the acquisition will help foster a greater relationship between both countries. She said, I am excited about this opportunity and I hope that this new chapter will deepen the already great sporting relation between Nigeria and Portugal.”
Lusitano FC attained their summit in the 1950’s when the club competed for 14 consecutive seasons in the Primeira Divisão (first division or tier 1). They are also among the 30 clubs in Portugal with the most participation at tier 1 level in the country.