November 1 – MSA Capital managing partner Ben Harburg has become a new investor at Spanish La Liga club Cadiz. Harburg is reportedly buying a 6% stake in the club.
Harburg, who began his career at Boston Consulting Group following his education at Freie Universität Berlin and Tufts University, will sit on the board of the club. He has ties to the city where he spent a part of his childhood.
MSA Capital is a China-based private equity firm that has more than €1.5 billion of managed investment in private and public companies. The investment in Cadiz is believed to be a private holding, rather than an expansion of the MSA portfolio.
On Twitter, Harburg wrote: “Growing up in Cadiz, owning part of Cadiz FC, was something I could have never imagined. It’s my honor to play a small role in helping to further the interests of the club as a custodian of this tremendous institution. Our intent is to establish Cadiz as a global club and brand.”
No further details about the investment were released. Harburg’s arrival expands the international investment in Cadiz. Last March, the club said an American investor of ‘great economic strength’ had come on board without revealing the investor’s identity.
At the weekend, Cadiz drew 1-1 with Mallorca in La Liga. The club sits in the 17th spot in the league table, right above the relegation zone with nine points from 12 matches.
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