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Jakarta Post

Indonesian tycoon grabs piece of English soccer with Tranmere investment

  • Dicky Christanto

    The Jakarta Post

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Jakarta   /   Wed, September 4, 2019   /  06:58 pm
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English League One's Tranmere Rovers soccer club logo(tranmererovers.co.uk/tranmererovers.co.uk)

An Indonesian business group has been revealed as a minority shareholder of England’s third-tier soccer club, the Tranmere Rovers. The new investor is expected to help the club stabilize its financial condition and build a sustainable business, said club owner Mark Palios. “The injection of capital into the club will enable us to move ahead with a number of projects [that] will enhance our community and commercial offerings, like 3G pitch installation and WiFi improvement,” Palios said in a statement published on the club’s website. “The new investment would also help us to reduce some of the debt incurred during our period in the non-League and to allow for some increase in the playing budget.” The new Indonesian investor is Santini group, a business umbrella with a collection of companies active in the automotive industry, real estate develo...