Ghanaian business magnate to purchase stake in Spanish club Ourense

 Ghanaian business mag­nate, Mr Prince Tetteh, is on the verge of acquiring and controlling 60 per cent stake in Spanish third-tier club, Ourense CF.

Mr Tetteh, who is the Ghana Consul to Guinea-Bissau, has advanced negotiations assisted by an advisory team including for­mer Real Madrid player, Antonio Nuñez Tena.

If completed, the deal would see the wealthy tycoon and CEO of the Pribet Group conglomer­ate gain significant influence at the Galician club.

Ourense President, Camilo Diaz, warmly welcomed Prince Tetteh in Spain last week and con­ducted a tour of club facilities.

Mayor of Ourense, Gonzalo Pérez Jácome, also praised the prospective partnership.

As an appreciation gesture, Tetteh received prestigious club awards symbolising the communi­ty’s high regard.

He then invited former Deport­ivo La Coruna President, Augusto César Lendoiro, to provide coun­sel on improving Ourense.

Dubbed ‘Africa’s youngest billionaire’ at just 42 years old, Mr Tetteh, has spearheaded Pribet Group’s expansion into construc­tion, energy, agriculture and ICT sectors across Europe and Africa.

His company operates as the lo­cal partner for Turkish firm, Kar­power, which provides electricity nationwide in Guinea-Bissau.

The potential Ourense acqui­sition highlights Prince Tetteh’s ambition to enhance opportu­nities for African footballers in Europe.

In 2021, Ghana President, Nana Akufo-Addo, appointed Prince Tetteh as a Consul to Guinea-Bissau, demonstrating his passion for diplomacy.

Ourense CF competes in Spain’s third tier Segunda División B after reforming in 2014 from dissolved entity CD Ourense.

The club, founded in 1977 as Ponte Ourense CF, plays home matches at the 5,659-capacity Estadio O Couto stadium.

Tetteh’s prospective arrival is set to propel the team towards fulfilling its potential both on and off the pitch through his acumen, resources and approach of inject­ing talented Ghanaian and other African players into the team.

With the club currently second in their regional group, the deal could facilitate promotion pushes and long-term sustainability.

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