Ricardo Bardoer, the eccentric Swedish investor who acquired Wazito Football Club, has relinquished his stake in the club.
Don Rico, as he is popularly known, admitted to that after responding to a tweet by Kisumu TV on Friday evening. "Wazito FC can now continue with what we have built in the last 4 years, but with new hands at the helm. "I wish them all the best," his tweet read.
Ricardo Bardoer acquired a majority stake in Wazito in late 2018 and promised to pump funds into the club, steer the team, and build Africa’s most successful club.
Bardoes, a devoted football fan, is the owner of CD Ursaria, a fifth-tier team in Spain. He also controls the trading platform Aidos Market and the cryptocurrency Aidos Kuneen.
Despite hiring some of the top players, his dream fell through. Don Rico's rule was marked by controversies, from the frequent switching of his technical bench to his internet outbursts after each defeat for his club.
Unconfirmed reports indicate that a Kisumu-based engineer, Joel Odongo, has acquired Ricardo's stake in the KPL Club.
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