Lenore Sports buys stake in Benfica

American investor group Lenore Sports Partners has purchased a 5.24% stake in Portuguese giants Benfica according to a statement released by the club's SAD. 

The deal marks the first time that an investor group from America has purchased such a big stake in a top tier Portuguese club with Benfica said to be valued in the €598M to €659M according to data firm Benchmark, which would place Lenore Sports stake to be worth €31.3M to €34.5M.

Sport Lisboa e Benfica, a fan group own the majority of the club through the SAD with a 64% stake. Lenore Sports will work with the club in exploring opportunities where the club has the potential for more growth as they will use their decades of experience to add another aspect to the business side of the club.