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    Friday, July 17, 2020

    Nigerian Business Woman, Nneka Ede Buys Portuguese Club

    Nigerian business entrepreneur, Nneka Ede has become the first African woman to own an European football club after purchasing Lusitano Ginasio Clube, a Portuguese third division side, for an undisclosed amount.

    Ede has become one of the few Africans to own a European club after she bought Portuguese side, Lusitano Ginásio Clube, Futebol, SAD.

    According to a statement on Thursday, Ede has secured 100 percent ownership of the 108-years-old club, which last played in the Portuguese top-flight division in the 1950’s.

    The statement from the club read: “After months of negotiations with different entities, an agreement has been reached with Mrs Nneka Ede, a sports enthusiast and entrepreneur from Nigeria, a country filled with people as passionate and fiery about football as us and which incidentally share the same green and white in their flags, towards the transfer of the ownership of the SAD to the latter that will help us in our mission to take Lusitano to the next level.”

    “I am excited about this opportunity and I hope that this new chapter will deepen the already great sporting relation between Nigeria and Portugal,” she said.

    “And to continue with the rich history of Lusitano club and provide a pathway for young talent to develop and shine through.”

    The club, which has a long and rich history spanning over a century, has Abraham Adelaja, a Nigerian forward, in his squad.

    Lusitano FC reached their pinnacle in the 1950’s when the club competed for 14 consecutive seasons in the Primeira Divisão (First Division or tier 1).

    They still hold a position amongst the 30 clubs in Portugal with more participation at tier 1 level in the country.

    Lusitano Ginásio Clube, Futebol, SAD, is also called Lusitano de Évora and was incorporated as a shareholding firm in 2016.

    The club is based in Évora and is the result of the transformation in 2016 of the senior side of Lusitano Ginásio Clube, a team established on 11 November 1911.

    In the 1950’s, the club played 14 consecutive terms in the Primeira Divisão (First Division), and still among the 30 teams in the European country with more participation at level 1 in Portugal.

    “Lusitano” is gotten from Lusitania, the Roman name for the province corresponding to the present territory of Portugal south of the Douro river and to present day Spanish region of Extremadura.

    The third division team in Portugal has Fazer Forte Fraca Gente (Making the Weak Stronger) as their motto.
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