Nissan said Friday that it will continue to be the largest shareholder of the operator of the J. League's Yokohama F. Marinos.
But the struggling automaker suggested a potential sale of some shares in the club, saying that "we are actively evaluating enhancements to the shareholding structure."
Yokohama F. Marinos originated as Nissan's corporate soccer club. The company holds a stake of roughly 75% in the club's operator.
"The club is a cherished symbol of Nissan's legacy, values and enduring connection to the community," the automaker said in a statement.
Meanwhile, the company said that the strengthening of the shareholder composition is part of its "long-term strategy to support the club's growth and financial sustainability."
Nissan suffered a consolidated net loss of over ¥670 billion for the year ended in March, due to sluggish global sales. The company is carrying out a massive restructuring program.
Yokohama-based household appliance retailer Nojima and a technology firm have been floated as potential buyers for Yokohama F. Marinos shares. Nojima President Hiroshi Nojima has said that his company will consider acquiring a stake if the opportunity arises.
The Yokohama Municipal Government submitted a request to Nissan on Friday to allow the club to continue its activities without relocating its home ground from the city.
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