Belgian football club Standard Liège has completed the transfer of shares from former owner A-CAP to its current CEO, Giacomo Angelini, along with a capital increase of €28.7 million, the club confirmed on Friday evening.
A preliminary agreement for the share transfer between Angelini’s camp and A-CAP had been reached as early as April.
A-CAP, officially known as Advantage Capital Holdings, is a US-based life insurer that acquired Standard Liège last summer after the US investment group 777 Partners nearly went bankrupt.
According to the club, the €28.7 million capital increase is “an essential step to finalise the agreement between shareholders, as it frees the club from all debts owed to the former shareholder.”
New shareholder and CEO Giacomo Angelini expressed his satisfaction with the completion of the process.
“This operation is not just a financial turnaround but also a promise for the future,” he said. “It enables us to confidently proceed with the next stages in developing Standard Liège. The path is clear for an ambitious project driven by passion, discipline, and performance.”
