European news

Lotto winner makes Odd investment

May 30, 2013
By ESPN staff

A lottery winner has invested 2.5 million krone (£280,000) to secure a 25% stake in Norway defender Fredrik Semb Berge to keep him at local club Odd Grenland.

Yngvar Borgersen, having won over 102 million Norwegian krone (£11 million) a month ago, has made the investment to allow his local side to retain Berge, although he will receive a quarter of the proceeds should the player eventually be sold.

Borgersen, who has seen the 23-year-old Norway international live on just two occasions, told the Verdens Gang newspaper he had looked to do something "for the local community".

"We talked about it when we saw it was a man from Skien who had won so much, but it was not us who got in contact with him," the club's CEO, Einar Handlykken, told the paper. "He came to us and asked if he could help in any way.

"The agreement came like a bolt from the blue, and we are very happy. It gives us the opportunity to develop the club and to retain players. And if it comes to the point where we have to make a sale, we can hold out for a better price than we might otherwise have been forced to accept."

He said he hoped the club would see more "rich uncles" donating their wealth.

"Yngvar is a hero in our eyes, and we would like to see more like him, even if there are not so many people in the area who have won over 100 million krone on the lottery," he added.