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News, Blog and GuidesThe MLS franchise expands its portfolio and becomes the new majority shareholder of Swiss Super League side Grasshopper Club Zürich.
Víctor Martín J.VictorMartJimPaul Reidypaulreidy67Update: Jan 22nd, 2024 08:06 EST
The ownership group behind MLS giants Los Angeles FC have added a new professional club to their portfolio after they acquired 90% of Grasshopper Club Zurich, one of the most successful clubs in the history of Swiss football. The group of almost 30 investors that owns LAFC has announced the acquisition of 90% of the rights of the Zurich based outfit with the current owners retain a smaller holding share in the club. No details relating to the economic aspect of the deal have been released.
GC Zürich wird Teil der globalen Vision des @LAFC 🤝ℹ️ Der Grasshopper Club Zürich ist heute eine langfristige strategische Partnerschaft mit dem Los Angeles Football Club eingegangen.#gc #zürich #traditionsclub
— Grasshopper Club Zürich (@gc_zuerich) January 17, 2024
The visible face of the Swiss club’s management so far has been Jenny Wang, wife of Guo Guang Chang, a powerful Chinese businessman and founder of Fosun International, a business conglomerate that has more than 87 different entities, including Premier League club Wolverhampton Wanderers.
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Grasshopper CZ
The investor owners of Los Angeles FC now add the oldest club in Swiss football and 27-time league winners to their assets after the recent purchase (in 2023) of FC Wacker Innsbruck, with the side currently in the Austrian second division.
