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American investor ready to buy clubs

Although a projected deal to buy Newcastle United didn't get through, American investor Joseph DaGrosa is in the market for Premier League and other European clubs, sensing a buying opportunity in the pandemic: https://soccer.nbcsports.com/2020/04/21/joseph-dagrosa-interview-premier-league-la-liga-newcastle-bordeaux-getafe-mls/

'If the market is down 20-30 percent, segments of the public market that will be down 30-40 percent, football could be down 50-75 percent. It’s a great time to buy with dry powder so after the acquisitions you can build up a world-class team at a fraction of what it would otherwise cost. In our discussion with investors, we can essentially buy today and invest 25-40 cents on the dollar relative to what we would’ve paid six months ago.'

He has now done an interview with Off the Pitch.

He has up to €1 billion to spend to create a City Football Group-style network of primarily European clubs.  He believes it's in UEFA's best interest to ease restrictions limiting clubs who share owners from competing against each other, in order to create a better environment for investment.  

Conversations he has had with club shareholders leads him to believe he can acquire European clubs for a discount of up to 40 per cent due to the coronavirus pandemic.

DaGrosa is in some cases talking to clubs' debt holders instead of their owners about purchasing shares, a sign of the financial trouble some are in. 

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