New Delhi: Argentine football icon Lionel Messi formed a real estate investment trust, which debuted on the Spanish market at 57.4 euros per share, with a market valuation of 223 million euros ($232.12 million). According to records released by the Portfolio Stock Exchange, a European alternative market overseen by the Bank of Spain, Messi, the former FC Barcelona forward and Inter Miami star, is listed as the chairman of Edificio Rostower Socimi’s board.
What does the paperwork states?
Dec 4, 2024; Ft. Lauderdale, Florida, USA; Inter Miami CF forward Lionel Messi (10) waves at Inter Miami CF academy players from the stands during the presentation of the MLS Landon Donovan MVP Award at Chase Stadium. (Credit: Sam Navarro-Imagn Images)
According to the paperwork, Edificio Rostower owns five residences in Spain, three offices, and seven hotels in Andorra and Spain. It also owns homes in London and Paris. Some of the documents released by the Portfolio Stock Exchange, the firm, which was founded in 2013, reported a loss of 1.7 million euros in 2023. A request for comment regarding Edificio Rostower’s Monday stock exchange launch was not immediately answered.
The 37-year-old went to Catalonia, Spain, in 2000 at the age of 13 to play for FC Barcelona’s youth teams, and the majority of the company’s interests are there. His residence lasted until 2021, when he abruptly departed FC Barcelona to join Paris St. Germain after the chronically indebted Catalan team claimed it could not afford to retain him according to La Liga’s financial fair play regulations.
After he retires from football, the eight-time Ballon d’Or winner has long stated that he intends to move back to Barcelona with his wife and three kids. The vice-president of the board is Antonela Roccuzzo, Messi’s wife. Ramon Adell, a board member of the Spanish energy company Naturgy, and Alfonso Nebot, who oversees Messi’s family office, are the other members of the board.
Lionel Messi’s real estate trust debuts in Spain, boasting a €223 million market cap and marking a significant move in the luxury property market. Football Sports News: Latest Cricket News, Cricket Live Score, Sports Breaking News from Sports Today
