By Jaroslaw Adamowski
January 13 – Poland’s ITI Group has sold Legia Warsaw to Boguslaw Lesnodorski, the club’s chief executive, and his business partner Dariusz Mioduski.
Under the deal, Mioduski, who previously served as member of Legia’s supervisory board, acquired a 80% stake in the club, and Lesnodorski, who is Legia’s current CEO, acquired 20% of the shares.
“The sides of the transactions have agreed that they will not disclose the value and terms of the contract,” Legia said in a statement.
The club plays in the Ekstraklasa, the top tier of the country’s professional football league. Legia’s latest achievements include Poland’s 2013 Championship and the 2013 Cup of Poland.
Following the acquisition, Lesnodorski will continue to serve as the club’s chief executive, and Mioduski will be appointed head of Legia’s supervisory board, the statement said.
“I am very happy, because acquiring Legia is a combination of my personal passions and dreams with the competences I have acquired over 24 years of professional activities as a lawyer, manager and investor,” Mioduski was quoted in the statement. “I have long-term and very ambitious plans for Legia.”
Between 2007 and 2013, Mioduski served as the chief executive of international investment company Kulczyk Investments.
Established in 1916, Legia currently has the biggest budget of the 16 clubs in Poland’s Esktraklasa. In 2012, the club posted revenues of 66.4 million zloty (€15.9 million), up 4% compared with a year earlier. Legia’s Pepsi Arena has a capacity of 31,103.
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