Nigerian entrepreneur Nneka Ede in June 2020 became the first African woman to purchase and own a European club.
Nneka bought the Portuguese side, Lusitano Ginásio Clube, which was formed nearly 110 years.
The club which plays in the Portuguese third division, have never won the Portuguese first division title before they were relegated years back.
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Since their relegation back in1950 the club has found it difficult to get back into the main league.
Before the purchase by the Nigerian businesswoman, the club faced many financial problems attributing to their poor performances.
Nneka Ede at the time of purchase bought the entire 100 percent shares.
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“After months of negotiations with different entities, an agreement has been reached with Mrs Nneka Ede, a sports enthusiast and entrepreneur from Nigeria, a country filled with people as passionate and fiery about football as us and which incidentally share the same green and white in their flags, towards the transfer of the ownership of the SAD to the latter that will help us in our mission to take Lusitano to the next level,” the statement read.
In the current 2021/2022 season the team is at fifth position in Group A after 20 matches where they have recorded 10 wins, three draws and seven loses.
The club's home ground is at Estádio do Lusitânia in Lourosa which can host a total capacity of 11,000 people.
The Portuguese based club is being managed by 44 year old Head Coach Hélder Fernando Natividade Pereira.
Back in 2015, business tycoon Kunle Soname also bought Club Desportivo Feirense, who are in the second tier of Portuguese football.