Union Sports & Entertainment Announce Strategic Investment in Lyngby Boldklub of the Danish Superliga
Summary
As part of its ongoing commitment to being a leader in player development, Union Sports & Entertainment today announced a strategic partnership and investment with Lyngby Boldklub of the Danish Superliga. Union Sports & Entertainment has purchased a minority, non-controlling ownership stake in Lyngby in order to expand its technical footprint, collaborate on youth development tactics and strategies and serve as a potential additional vehicle for both Union and Lyngby player and staff advancement. Our process was driven by a desire to enhance the core strengths of our club and to better leverage the network Ernst has established in Europe. "Over the past few years, we in the ownership group have spoken to more than twenty potential, specific investors, but for one reason or another we have turned down the offer. Now we have succeeded with our plans: A model where Friends of Lyngby remains the owner, but where we get a co-investor in the sporting area that matches our club.