Nneka Ede becomes first African woman to buy European football club

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A Nigerian business woman, Ms Nneka Ede has become the first African woman to own a European club after buying Portuguese side Lusitano GC.

But the amount the she actually paid to acquire the Portuguese third division side has been kept under wraps.

GC has been in existence for the past 108 years and the club never won the Portuguese first division title before they were relegated years back.

And since their relegation to the lower division in 1950, the club have been finding it hard to return to the topflight.

There are also reports that finance was one of their problems for years, which has affected their progress.

This forced those in charge of the side to throw the shares open before Nigerian woman Nneka Ede bought the entire 100 percent shares.

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