Former Credit Suisse head of European investment banking Jamie Welch has become the latest US-based investor to buy a European football club, after taking control of Swiss team Yverdon Sport FC.
Based in the town of Yverdon-les-Bains, halfway between Geneva and Bern, the club recently won promotion to the Swiss Super League, the country’s top tier.
The deal follows several acquisitions by US-based investors. Hedge fund manager Tom Wagner recently bought a large stake in England’s Birmingham City, while other US or Canadian-based investors have bet on other British teams such as Wrexham, Ipswich Town, Lincoln City and Swansea City.
Read the full story on Bloomberg here.