FinanceFootball

Red Bull Owner Reportedly in Talks to Buy Hungarian Football Club Újpest FC

According to Hungarian news site 24.hu, Red Bull owner Dietrich Mateschitz will be in Switzerland tomorrow to discuss the possibility of purchasing Hungarian Football club Újpest FC.

Red Bull’s Hungarian representative, Aron Rodriguez, tweeted the following early this morning:

Belgian millionaire Roland Duchatelet currently owns both Újpest and third division English team Charlton Athletic, as well as Belgian Division 1 team STVV, German Division 4 team FC Carl Zeiss Jena, and Spanish Division 2 team AD Alcorcón.

This is potentially huge news for the Hungarian football world, as Mr. Mateschitz has shown himself to be more than willing to pump huge reserves of money into his Red Bull football empire. After buying German team RB Leipzig when it was still a D4 team, Mr. Mateschitz’s cash infusions have helped push the team into second place in Germany’s first division this year, behind only football giant Bayern Munich.

Mr. Mateschitz also owns football clubs in his native Austria, New York, Ghana, Brazil, and China.

Reportedly, Mr. Duchatelet is looking to receive 15-17 million euros for the sale of Újpest. And while Hungarian companies would likely be unwilling to agree to such a figure, for Red Bull such a sum is by no means a huge expenditure, and is especially worthwhile for the company in that they gain Charlton Athletic, whose sale is likely linked to that of the Hungarian club.

For, according to 24.hu, Mr. Mateschitz will likely look to do with the Premier league club what he did with RB Leipzig, and attempt to transform the D3 Charlton Athletic into a championship contender within the next 3 to 4 years.

Via 24.hu

Images via Wikimedia Commons and ujpestfc.hu