Football

Luis Suarez teams up with Arsenal stars in £50m investment

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Suarez joins Arsenal stars in property investment.
Suarez joins Arsenal stars in property investment..

Luis Suarez will team up with Arsenal stars Santi Cazorla and Mikel Arteta in a property investment scheme, reports the Daily Mail.

Liverpool's star striker is currently trying to beat the Gunners to the Premier League title and an automatic spot in the Champions League next season, but, off the field, he is set to team up with Arteta & Cazorla in property scheme worth £50m.

Suarez has sunk a large chunk of his £200,000-a-week wage into Capital & Centric Investments LLP, who are looking to buy and develop a number of sites in the north-west of England for private rented homes.

Along with Arteta and Cazorla, Liverpool stars Lucas Leiva and Jose Enrique have also invested in the project in recent times. Suarez will become the fifth high profile Premier League footballer to claim a stake.

All five players have been appointed directors of the Manchester-based group, who are aiming to deliver a return of between eight and 10 per cent a year with an ultimate goal of creating £250m portfolio in the next few years.

Capital & Centric founders Tim Heatley told the Daily Mail: "We do not comment on individual investors in out investment vehicles.

"We can confirm that having completed £30million of speculative development in the last two years and with £20million of property under construction, we're beginning to focus some of our resources towards investment in private rented communities and residential development."

Suarez is the current top scorer in the Premier League with 23 goals and has helped propel Liverpool to the upper ends of the table. They still stand an outside chance of winning their first league title for over 20 years and their first in the Premier League era.

Arsenal attempted to sign Suarez in the summer transfer window, bidding £40m plus £1 to activate a release clause in the Uruguayan contract. The bid was rejected and the clause was denied, but Liverpool owner John W Henry later admitted that the club refused to honour the clause and hoped for the best.

Topics:
Mikel Arteta
Arsenal
Liverpool
Luis Suarez
Santi Cazorla
Football
Premier League
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