How much did Gică Popescu pay to become a majority shareholder in Farul. “Baciul” has several business failures

Gică Popescu (58 years old) claims that the transaction through which he became a majority shareholder in Farul Constanța is not an acquisition ticked off only by the eyes of the world, to free his brother-in-law Gică Hagi (61 years old), but a very serious one, involving an investment of millions of euros.

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I’m a majority shareholder, I don’t like to be called a boss. I made a statement that I sent to the media and said pretty much everything that needed to be said. Everything that happened at the Lighthouse will continue. I have been president since 2019, since I have been president the club has had financial growth. We are, perhaps, the only club with 6 years in a row in profit, less than last year.

We are a club that has had to work very hard to fulfill its obligations. As long as we have no other external support, we have done all the work. He worked an extraordinary management team. Gica was the craftsman of this project, but alone he would not have succeeded.

Gica remains with 10 percent, he is one of the shareholders. I didn’t like being a dictator, I liked collaborating with my colleagues. With Gica, as long as he will not train, I will consult as he did with me when he was the majority shareholder.

If he becomes a selector, he will exclusively take care of the national team, but he will also be a minority shareholder, with 10%“, declared Gică Popescu, at “Fotbal Club”, from Digi Sport.

“The transaction is worth millions of euros”

Gică Popescu, who is accused of bankrupting several businesses, being involved in real estate, wind farms, but also in the football school from Calafat, claims that the majority package cost him a significant amount e abni

Gică has not been involved for a few months, the decision was made a few months ago, I signed the documents a few weeks ago, I submitted them to the ONRC (National Trade Registry Office). We waited for the ONRC decision to officially announce.

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This is a commercial transaction, whether it is done for one leu or 100 million, it is a transaction. I clapped hands with Gica, signed the documents. How can I tell you how much the transaction was?! I ask you, what are your salaries? It’s a commercial transaction. It is about millions of euros, the transaction is for millions of euros.

The transaction is worth millions of euros, what more can I say? We don’t have to make the price public, but it’s in the millions. In the future, if he wants it back, Gica will pay for the shares. Gica founded the club, put money here, put soul.

Eit was impossible to leave them permanently. It was one of my conditions, that Gica should stay with 10 percent. It was a condition I put on Gică, to stay with me, Rivaldo and Marica. I can’t see the project without it. He no longer makes the decision as he used to“, also declared “Baciul”, which owns 70% of the shares.