Messi new owner of Spanish fifth-tier club Cornella

Lionel Messi has bought Catalan club Cornellá and become the team's new owner, the Spanish fifth-tier side announced on Thursday.

The eight-time Ballon d'Or winner is still playing in the United States for Inter Miami and is expected to play a key role in Argentina's World Cup title defence this year.

"This move reinforces Messi's close ties to Barcelona and his commitment to the development of sport and local talent in Catalonia," the club, which goes by the full name of Unión Esportiva Cornellá, said in a statement confirming the former Barcelona star's acquisition.

Several top players have come through the ranks at Cornellá, based in the Barcelona suburbs, including Arsenal goalkeeper David Raya and Messi's former Barça teammate Jordi Alba.

Cornellá, which was founded in 1951 and has a stadium with a capacity of 5,824 spectators, have suffered back-to-back relegations in the past two seasons.

"Leo Messi's arrival marks the beginning of a new chapter in the club's history, aimed at driving both sporting and institutional growth, strengthening its foundations, and continuing to invest in talent," Cornellá added.

"The project is guided by a long-term vision and a strategic plan that combines ambition, sustainability, and a strong connection to its local roots."

Messi came through Barcelona's academy before spending 17 seasons in the Catalan giants' first team, becoming their all-time leading scorer with 672 goals.

The 38-year-old has previously said he would return to live in Catalonia after he retires from football.

He is set to play in his sixth World Cup when Argentina start their title defence at the tournament in the USA, Mexico and Canada against Algeria in Kansas on June 16.

Messi's great rival Cristiano Ronaldo bought a 25-percent stake in another Spanish club, second-tier Almería, two months ago.

Argentina's skipper is also involved in two other clubs: Leones de Rosario, which was founded by his family and is based in his hometown of Rosario, playing in the third tier; and amateur side Deportivo LSM in Uruguay, which he founded with his friend, fellow footballer Luis Suárez.

Messi also has the option to become a co-owner of his current side, Inter Miami, when he retires from professional football in his current contract, according to reports.

– TIIMES/AFP/NA