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🇨🇱 Chile /Sports

Reinaldo Sánchez and Family Open to Selling Santiago Wanderers Stake

From Cooperativa · () Spanish

Translated from Spanish and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources New plan
  • Reinaldo Sánchez and his family are considering selling 50,037,083 shares in Santiago Wanderers, equivalent to 60 percent of the club’s capital.
  • People close to the family cited the 81-year-old businessman’s delicate health as the main reason for the potential sale.
  • The controlling family has begun receiving calls and opening discussions, while the club remains in Chile’s second tier after winning the 2026 Copa Libertadores Sub-20.

Reinaldo Sánchez and his family are willing to sell their controlling stake in Santiago Wanderers, potentially ending their control of the Valparaíso club. The family holds 50,037,083 shares, representing 60 percent of the company’s capital.

People close to the Sánchez family confirmed the intention to sell, according to Diario Financiero. They said the main reason is the delicate health of Sánchez, the club’s president and controlling shareholder, who is 81. He is also a former president of Chile’s football federation, ANFP.

The sale process is only beginning. Those close to the club’s controllers said they are now opening conversations and “receiving calls” from interested parties.

The Sánchez family took control of the company in 2021. During that period, Santiago Wanderers have played in Chile’s Liga de Ascenso. The club’s main achievement came in 2026, when it won an unprecedented Copa Libertadores Sub-20 title.

receiving calls

· People close to the Sánchez familyThey described the early stage of conversations about a possible sale of Santiago Wanderers.
About this summary

Originally published by Cooperativa in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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