Private fund set to acquire majority stake in Brazil's Botafogo
RIO DE JANEIRO, Dec. 24 (Xinhua) -- An investment fund led by American businessman John Textor is poised to buy a controlling stake in two-time Brazilian Serie A champions Botafogo, the Rio de Janeiro outfit said on Friday.
Botafogo said the club agreed in principle to sell 90% of its shares to Eagle Holding, without providing financial details of the operation.
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