Gareth Bale announced his ambition to acquire a controlling stake in a football club after retiring from football following the 2022 World Cup.
What happened?
The former Wales and Real Madrid superstar has teamed up with American private equity firm Juggernaut Capital Partners to establish a new sports investment vehicle.
Gareth Bale confirmed that he and John Shulam, Juggernaut's founder and managing partner, are actively looking for the right club to invest in.
Why it matters for Gareth Bale
Bale expressed his long-held desire for such an opportunity, stating that his "inside athlete perspective" combined with Shulam's financial expertise will forge "an amazing partnership".
The five-time Champions League winner believes this partnership will have a direct impact on the club they choose to invest in.
What comes next?
Shulam clarified their investment strategy, emphasizing a preference for significant influence over minor shares in larger entities, such as the Premier League.
Cardiff City has been mentioned as a potential option, but Bale noted it is "just one of many” clubs he could pursue in the near future.
Bale scored 40 goals in 111 appearances for Wales and led the team to the Euro 2016 semi-finals and the 2022 World Cup.
Juggernaut's sports platform intends to diversify its investments, with plans to invest in golf, youth sports, and women's sports, including a soon-to-be-announced investment in a professional women’s team.
Shulam stated that the firm would invest in women's sports, which has not received enough attention.
Bale's retirement from football was announced after the 2022 World Cup, where Wales drew their opening match against the US but lost to Iran and England.
The team was placed in the same group as the USA, Iran, and England, but crashed out at the group stage.
Gareth Bale is widely regarded as one of the greatest players in Welsh history.