To Vangelis Marinakis and officially the Rio Ave!
The Portuguese report that the acquisition of 80% of the club’s shares, by its powerful man, has also been completed with… Olympiakou and her Nottingham Forest. In fact, it will belong to RAH Sports Investments Limited, which is of his own interest and is based in Cyprus. This is an expected development, since there has been an agreement in effect for several months, but now the foreseen process has been completed.
The president will be the Israeli, Boaz Jacob Tosav, as mentioned in the relevant publications. Diogo de Araúzo Pinto Ribeiro, who has worked as financial director at Guimaraes, will have the role of executive director, while the club’s previous president, Alexandrina Cruz, and vice-president, Enrique Maia, will continue as members of Rio Ave’s management.
OFFICIAL | Rah Sports Investments Limited ea nova acionista maioritaria de 80% da recem-criada SAD do Rio Ave ??
This is a company created on January 25, 2024, based in Cyprus and 100% controlled by Miltiades Marinakis, son of Evangelos Marinakis, owner of Olympiacos… pic.twitter.com/LegZFPrR7V
— Cabine Desportiva (@CabineSport) June 16, 2024
Source: Sport Fm
I am currently a news writer for News Bulletin247 where I mostly cover sports news. I have always been interested in writing and it is something I am very passionate about. In my spare time, I enjoy reading and spending time with my family and friends.
