Deals
Paul Conway Targets Top European Football Club
- Partners in sports SPAC include Michael Kalt, Randy Frankel
- Investors eye stake in team with up to $500 million value
This article is for subscribers only.
Paul Conway, the U.S. media executive turned European football club owner, is targeting one of the region’s elite teams for his next bet on the sport.
Conway said he’s looking to take a minority stake in a club with an enterprise value of $250 million to $500 million in one of Europe’s top five leagues in England, Spain, Germany, Italy or France. Any deal will be funded by Counter Press Acquisition Corp., a blank-check firm he set up with partners including investor Michael Kalt.