A US investor group including the family offices of KKR co‑founders George Roberts and Henry Kravis has agreed to buy a 42% stake in Spanish football club Valencia CF at an enterprise valuation of €1.25bn. The consortium, Pitchwise Holdings, also counts Penner Sports Group — owner of the NFL's Denver Broncos — among its backers and will inject €100mn of fresh capital. Singaporean billionaire Peter Lim has owned the club for over a decade but has sought new shareholders since 2025.
The deal comes as Valencia prepares to move into the new Nou Mestalla, a 70,000‑seat stadium slated as a possible venue for the 2030 FIFA World Cup. Construction began in 2007, stalled for 16 years, and has since been redesigned multiple times. The €1.25bn valuation includes debt such as the €322mn financing arranged last year for the stadium. Once the team relocates, the historic Mestalla site on prime city‑centre land will be redeveloped.
Spanish football has drawn growing private‑equity interest: Apollo bought a majority of Atlético Madrid at €2.5bn in March, Sixth Street holds stakes in Real Madrid and Barcelona, and CVC invested €2bn in La Liga’s commercial business in 2021. Pitchwise is led by former WNBA COO Ann Rodriguez and ex‑footballer turned biotech investor Corey Woolfolk, while Penner Sports Group is the investment vehicle of Walmart chair Greg Penner and his wife Carrie.
Source: Financial Times Companies · Summarized by HeadlinesBriefing