Anders Holch Povlsen, the Danish billionaire owner of clothing giant Bestseller A/S, has bought FC Midtjylland, one of Denmark’s most successful football clubs.
Povlsen, who’s worth $5.7 billion according to the Bloomberg Billionaire Index, now owns 95.5% of the club’s shares through his holding company Heartland A/S after buying a majority stake from British businessman Matthew Benham.
FC Midtjylland has under Benham’s ownership in the past nine years won three Danish championships and currently ranks 60 among teams in Europe, according to UEFA’s club coefficients.
Read the full story on Bloomberg here.