Espanyol owner Chen Yansheng is holding on to the club, despite claims it would be put up for sale.
Yansheng arrived in Barcelona and took over the club in January 2016, but his presence has been met with potential sales talks ever since.
Rumours have been heavy across Spain, however, Marca and Mundo Deportivo both claim that the Chinese businessman does not want to sell and his intention of improving the club – still remains.
It is however, confirmed that Yansheng would welcome other investors, who share his ambitions for the club and the long term future and financial stability.
Yansheng believes that new investors would increase capital and would help the club grow, but he will not remove his status of president.
Marca claim that the club have developed a new strategic plan and believe a target of 2025 for certain aspects to improve is on track.
Iglesias is ready for Levante
Yansheng’s biggest move as president at the club came this summer when Borja Iglesias arrived from Celta Vigo as the club’s biggest ever signing.
Iglesias, who has started the season well – has been speaking to Marca about his side’s upcoming La Liga game against Levante.
“Levante will come to us with ambition, but we have more. “On a day-to-day basis, it’s something that we work on [ambitions] and we’re getting better as the season goes by, like the coach, I’d also like Espanyol to be the sensation of this league, we’ll work and see where we are.”
This weekend’s game between Espanyol and Levante on Sunday at Cornella El-Prat.