Stockholm: Sweden’s top club Hammarby says Swedish football great Zlatan Ibrahimovic now owns part of the club after he bought half the stakes in entertainment conglomerate AEG Sweden.

Club president Richard von Yxkull says that “the timing feels good. We have had a strong development in recent years and next year we play in Europe.”

Von Yxkull said on Wednesday that the deal with Anschutz Entertainment Group, which owns Major League Soccer’s LA Galaxy where Ibrahimovic earlier played, was made in Los Angeles.

The Swedish superstar said that he was “impressed with what the club has achieved in recent years.”

This season, Hammarby ended third in Sweden’s top tier behind Djurgarden and Ibrahimovic’s old club Malmo.

The 38-year-old Ibrahimovic has previously played for several of Europe’s top clubs including Inter Milan, Barcelona and Manchester United.