Millionaire Walmart chair Greg Penner adds soccer club Valencia CF to his investments—he already owns NFL’s Denver Broncos and part of a baseball team

The world’s wealthiest are finding new ways to deploy their fortunes beyond luxury cars and yachts—and the latest craze is soccer. Greg Penner, the multimillionaire chairman of Walmart , just added a European league to his growing portfolio of sports investments from football to baseball. A consortium backed by some of private equity’s top billionaires and ultra-rich investors has agreed to buy a 42% stake in Spanish soccer club Valencia CF, now valued at €1.2 billion ($1.34 billion).

Source: Fortune Crypto