Multi-club group based in Netherlands, ultimately controlled by an investment firm

Estrella Football Group

An Amsterdam multi-club group incubated by ve2.ventures, which presents its clubs as equal partners rather than feeders. It holds GD Cascais through ve2 and took a majority of Aurora Pro Patria in July 2026, and announced an investment in Carvoeiro United; proposed deals for Greenock Morton and Club Atlético Central did not go ahead. Athvance Capital took a majority of ve2.ventures in January 2026.

3 clubs in Clubs DB, in 2 countries. Sources: Estrella Football Group, ve2ventures, Estrella Football Group

• Pro PatriaSerie D, Italy
  Stake not known, controlsHeld by Estrella Football Group since July 2026High confidence
• Carvoeiro United FCCULiga 1 da AF Algarve, Portugal
  Stake not known, stake, control unclearHeld by Estrella Football Group since June 2026Low confidence
• FC CascaisI Divisão da AF Lisboa, Portugal
  90%controlsHeld by 1915 – Sports Ventures, LdaHigh confidence

• controlsAthvance Capital in ve2.ventures B.V., controls, as of 22 January 2026.High confidenceSource: Estrella Football Group
• stake, control unclearve2.ventures B.V. in Estrella Football Group, stake, control unclear, as of 11 May 2026.Medium confidenceSources: Estrella Football Group, Estrella Football Group, ve2ventures
• controlsAthvance Capital in ve2.ventures B.V., controls, as of 22 January 2026.High confidenceSource: Estrella Football Group

Group companies: Estrella Football Group, ve2.ventures B.V..