Information released in the last few hours has linked Pearl River Group as River’s new investment group. Both sides have had very advanced talks, allowing the American investment group to bring a very significant sum of money, which would be used for reinforcements for the squad and more.
While there is still no official confirmation, the agreement between River and the Pearl River Group would be coming to a close. A sum of nearly $50 million dollars, which would also serve for the incorporation of reinforcements, would provide the means for the construction of a ‘micro-stadium’ next to the Monumental Stadium, along with other projects.
In addition, another investment group has been linked with River which would bring the club around $27 million dollars more. Both options would be managed by leaders in the club’s presidency.
River’s Management Committee and the Assembly of Representatives of Members would have to approve any deal since the investment involves a span of eight years which would exceed Daniel Passarella’s presidential term. In terms of paying back the investors, there is a strong posibility that 20% of the monetary value of each transferred player would go to the investors.
Businessman and FIFA agent, William Tofoni, stated: “We understand that for this to succeed, the investment must be strong and fast. The investment group will not have any say in the destiny of money; only River will be responsible for it, regardless if it’s the sale of players, the ‘micro-stadium’, or other projects.”
