Nneka Ede, a Nigerian business entrepreneur, has purchased Lusitano Ginasio Clube, a Portuguese third division side, for an undisclosed amount.
Naija News reports that Nneka becomes the first African woman to own a European football club.
Lusitano, 108-years-old club, last played in the Portuguese top-flight division in the 1950s.
The club has Abraham Adelaja, a Nigerian forward, in its senior team squad.
Lusitano FC reached their pinnacle in the 1950’s when the club competed for 14 consecutive seasons in the Primeira Divisão (first division or tier 1).
The club in a statement on Thursday disclosed that Nneka Ede purchased 100 per cent ownership.
“After months of negotiations with different entities, an agreement has been reached with Mrs Nneka Ede, a sports enthusiast and entrepreneur from Nigeria, a country filled with people as passionate and fiery about football as us and which incidentally share the same green and white in their flags, towards the transfer of the ownership of the SAD to the latter that will help us in our mission to take Lusitano to the next level,” the club statement read.
Speaking after her purchase, Ede expressed excitement on securing 100 per cent of the club.
According to the Nigerian businesswoman, the football club acquisition will help foster a greater relationship between both countries.
She said: “I am excited about this opportunity and I hope that this new chapter will deepen the already great sporting relation between Nigeria and Portugal.
“And to continue with the rich history of Lusitano club and provide a pathway for young talent to develop and shine through.”