The CEO of Cofina Media, Luís Santana, confirmed today that the soccer player Cristiano Ronaldo is an investor in the ‘Management Buy Out’ (MBO) company, which is being prepared by a group of executives.
ECO and CNN Portugal had reported today that Cristiano Ronaldo will be a major shareholder at Cofina.
Contacted by Lusa, Luís Santana confirmed the name of the footballer.
“To count on Cristiano Ronaldo, the best footballer ever, an exceptional athlete who shares the values of demand, rigor, hard work and resilience, as an investor is naturally a great source of satisfaction for the team that is developing the Management Buy Out of Cofina Media, which will be presented to the shareholders in due course”, concluded the executive director of Cofina Media.
On May 30, Luís Santana had confirmed to the news agency that, together with company staff, he is preparing an MBO, guaranteeing that “at no time will he be held hostage to any kind of interests.
Cofina Media owns Correio da Manhã, CMTV, Jornal de Negócios, Record and Sábado, among others, and an MBO happens when a company is bought by its managers.
“I and a group of Cofina Media’s executives are preparing a ‘Management Buy Out’, which we plan to present in due course to the company’s shareholder, with whom we have not held any kind of negotiations,” said Luís Santana at the time.
