According to the Spanish media "World Sports", news that the Spaniard may be sold is about to become a reality. The deal will be completed in the next few days, with Burnley Club owner Allen Pace, who will acquire a majority stake in Espanyol.

Allen Pace is the owner of investment fund ALK Capital, and has shown interest in entering Spanish football a few months ago. He has submitted a formal offer to the Spaniard, and the offer may have been accepted. Some sources said the offer was 180 million euros. The key date will be the shareholders' meeting of Espanyol Club, which will be held at 12:00 noon local time on June 27 in Cornella. At that time, Espanyol owner Chen Yansheng will propose a capital increase plan of 38 million euros.

Allen Pace's interest in the Spaniards is part of his global growth strategy. He and his team have requested detailed reports on the economic, institutional and competitive status of the Spaniards. The offer they made was accepted after researching the relevant matters.

Allen Pace is an experienced businessman with Wall Street work experience. He served as managing director of Lehman Brothers and held senior positions at Citigroup. Allen Pace also served as interim chairman of the Major League Royal Salt Lake City.

Throughout the process, the Espanyol Club has remained silent and cautious and refused to comment on the possible deal.

This is not the first time that the Spanish may change their ownership. Not long ago, former Espanyol player Brycewit surfaced as a potential investor. In addition, in April last year, a West-US joint venture holding company was also considered a possible buyer. The company, called Five Eleven Capital, was said to have started contacting at the time to explore the possibility of acquiring the club. Its core figures are CEO and founder Martin Ink and revenue head Andres Totarolo.

However, Allen Pace's plan ended up winning. All signs indicate that Chen Yansheng will no longer be the major shareholder of the club. He joined the club in 2016 by acquiring shares of Daniel Sanchez Libra and Ramon Condal.