Lenore Sports Buys Stake in Portuguese Football Club Benfica (1)

Lenore Sports Partners, an investment group that includes the co-founder of private equity firm Crescent Capital, has acquired a minority stake in Benfica SAD, the company that manages one of the most valuable Portuguese football clubs.

Jean-Marc Chapus, the co-founder of Crescent Capital, is one of four partners at Lenore involved in buying the 5.24% holding, according to a statement from Benfica SAD.

The deal marks the first time a US investor group has taken a significant stake in a top-tier Portuguese football team. American investors have been pouring money into European football in recent years, ...