Nissan said Friday that it will continue to be the largest shareholder of the operator of the J. League¡¯s Yokohama F. Marinos.
But the struggling automaker suggested a potential sale of some shares in the club, saying that ¡°we are actively evaluating enhancements to the shareholding structure.¡±
Yokohama F. Marinos originated as Nissan¡¯s corporate soccer club. The company holds a stake of roughly 75% in the club¡¯s operator.
¡°The club is a cherished symbol of Nissan¡¯s legacy, values and enduring connection to the community,¡± the automaker said in a statement.
Meanwhile, the company said that the strengthening of the shareholder composition is part of its ¡°long-term strategy to support the club¡¯s growth and financial sustainability.¡±
Nissan suffered a consolidated net loss of over ?670 billion for the year ended in March, due to sluggish global sales. The company is carrying out a massive restructuring program.
Yokohama-based household appliance retailer Nojima and a technology firm have been floated as potential buyers for Yokohama F. Marinos shares. Nojima President Hiroshi Nojima has said that his company will consider acquiring a stake if the opportunity arises.
The Yokohama Municipal Government submitted a request to Nissan on Friday to allow the club to continue its activities without relocating its home ground from the city.
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