An American investment firm called the Common Group has become Vitesse’s new majority shareholder.
In March, the previous owner, Valeriy Oyf, announced that he was going to sell his shares in the best interests of the Dutch club.
Since then, talks have been held with a number of interested parties and a deal has now been reached for the Common Group to take over.
They have guaranteed to provide a financial contribution large enough to cover annual deficits and investments for a minimum of five season.
“We start this new chapter of the club with a lot of enthusiasm and confidence,” said CEO Coley Parry.
“Vitesse has a tradition and history of more than 130 years, of which it can rightly be proud. But we also believe in the future of Vitesse and will do everything with the club to continue the upward trend of recent years.
“During our discussions with the club management, we were impressed by the vision and ambition of Vitesse. The identity, the strategy and the structural belief fit seamlessly with our ambitions and have shown us that the club does not need major structural changes. We prefer to build on what already exists.”
The firm also invests in English club Leyton Orient and Belgian club Patro Eisden Maasmechelen, but Vitesse become the first top division club they’re involved with.