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Grant Thornton advised on LP Holding GmbH’s acquisition of Górnik Zabrze

Grant Thornton carried out the valuation of Górnik Zabrze S.A. and prepared a financial vendor due diligence report in connection with the acquisition of a majority stake in the club by LP Holding GmbH, a company owned by Lukas Podolski. The investor acquired more than one million shares, representing 86% of the share capital.

Grant Thornton’s scope of work included preparing a financial vendor due diligence report and valuing Górnik Zabrze S.A. using the asset-based and comparable methods, supplemented by an analysis of the club’s earnings potential. The work was preceded by detailed economic and financial analyses. A key element of the project was identifying a potential liquidity gap in the club’s operations in the coming years, together with an assessment of its causes and possible scenarios.

Michał Stróżak

Supervisor, Corporate Finance Team, Grant Thornton

At Grant Thornton, we are one of the leading advisors in the sports industry. Projects such as this one reinforce our belief that this specialization allows us to participate in significant market developments and deliver highly engaging, multi-faceted projects. Despite the relatively short timeframe, our cooperation with the City and the Club ran very smoothly, with full commitment from all parties and real support in striving to achieve a common goal.

The completion of the transaction marks an important step in Górnik Zabrze’s further development, enabling the club to strengthen its financial stability and implement long-term management strategies. Bringing in a private investor supports greater operational efficiency and decision-making flexibility.

Tomasz Mleczak

Partner, Corporate Finance Team, Grant Thornton

Privatization processes in Polish sport, including football, are an important step towards building a more sustainable and competitive market. A private owner fosters more efficient management, faster decision-making and the implementation of long-term development strategies that are difficult to pursue under a public ownership model. In addition, privatization reduces the burden on local government budgets, allowing public funds to be redirected to other social purposes, while at the same time supporting healthy sporting competition through greater financial discipline among clubs and a stronger focus on economic performance.

More services related to: Financial and tax due diligence of companies in Poland
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Górnik Zabrze S.A. is one of the most successful football clubs in Poland.

LP Holding GmbH, owned by Lukas Podolski, acts as a strategic investor responsible for the club’s further development and professionalization.

Our transactions

06.2026
Górnik Zabrze
Górnik Zabrze
Our support:
Club valuation and vendor due diligence
Other party:
LP Holding GmbH
    Sell-Side
    Service Sector
04.2026
CGH Polska
CGH Polska
Our support:
Transaction advisory, financial and tax due diligence in connection with the acquisition of Wefco (Gainsborough) Ltd.
Other party:
Wefco (Gainsborough) Ltd.
    Buy-Side
    Manufacturing Sector
04.2026
Jan Sprengnetter
Jan Sprengnetter
Our support:
Financial and tax due diligence as well as transaction support in the process of acquiring a minority stake in Cenatorium
Other party:
Cenatorium
    Buy-Side
    Financial Services
04.2026
DUON Group
DUON Group
Our support:
Financial and tax due diligence and ransaction advisory
Other party:
Prime Energy
    Buy-Side
    Energy & Resources

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