Puskás’ former club Kispest Honvéd is acquired by new owners

George F. Hemingway was not bluffing when he was asked about the selling of Honvéd last week. As reported by sportfaktor.hu, on Monday morning the club confirmed that the investor company belonging to the Metalcom group, Reditus Equity Zrt., has acquired 100% of the club’s shares from Quinex America LLC, which is a subsidiary of The Hemingway Group. In addition to making sure Ferenc Puskás former club continues to generate profit, the company wants to further improve youth development and finish high enough in the league table to reach European club competitions’ qualifiers.

Hemingway bought the club in 2006 via one of his investment companies that is based in Nevada. At the time, Honvéd was a shadow of its former glory – in the two preceding seasons they finished in the bottom half of the table. This was far below the fans’ expectations, who are aware of the club’s history, which includes winning 5 titles in the 1950s under the captaincy of Ferenc Puskás. Under Hemingway’s tenure Honvéd won the 2007 and 2009 editions of the Hungarian Cup and the Hungarian League title in 2017. The acquisition price will remain undisclosed by both parties.

“I am delighted that under my ownership Honvéd has become one of the most stable and successful clubs in Hungarian football and has become worthy of its reputation once again. However, above the league title and the cups wins, I am most pleased about the work at Magyar Futball Akadémia, from where we were able to source and develop the players needed to achieve our successes” Hemingway told honvedfc.hu.