A club statement confirmed the development as Mrs Ede becomes the first African woman to own an European club.
Lusitano Ginásio have been in existence for 108 years, they currently play in the third division of the Portuguese league.
Nneka Ede expressed her excitement, stating that her purchase of the club will further improve the sporting relationship between Nigeria and Portugal as well as create a link for young talents to develop.
“I am excited about this opportunity and I hope that this new chapter will deepen the already great sporting relations between Nigeria and Portugal, continue with the rich history of Lusitano club and provide a pathway for young talent to develop and shine through,” Mrs Ede said.
The female business tycoon follows the footstep of Kunle Soname who bought Clube Desportivo Feirense in 2015.
Read the club's full statement below:
This is not the type of news we get to report or read everyday but its certainly a feel-good story and a welcomed development especially for people who have been advocating for increased women participation in football and sports as a whole.
Do you think more women should follow in Nneka Ede's lead and become major stakeholders in football?
Content created and supplied by: Godwyne (via Opera News )