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Foot: Red Star sold to an American fund, despite the challenge of supporters

2022-05-11T18:48:29.018Z


The Red Star has been sold 100% to the American fund 777 Partners, despite the opposition of its supporters who fear the dissolution of the identity of the club based in Saint-Ouen, the third division team announced on Wednesday.


"

I am firmly convinced, after a long reflection, that 777 Partners is the best choice to guarantee and perpetuate the values ​​of our club, while giving it the means to open up new perspectives

", declared Patrice Haddad. , who retains his position as chairman.

The amount of the transaction is estimated between 10 and 19 million euros by the sports press.

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The announcement that Red Star had entered into exclusive negotiations with 777 Partners in early April angered Audonian fans, who interrupted a league game against Sète to protest.

They denounced the choice of a fund based in Miami, thousands of kilometers from Seine-Saint-Denis, the historic anchor port of the club founded in 1897.

777 Partners controls the teams of Standard de Liège (Belgium), Genoa (Italy) and Vasco de Gama (Brazil), in addition to holding "

a significant stake

" in Sevilla FC, in its words.

Its portfolio also includes assets in insurance, aerospace and entertainment.

The Red Star, 11th in the National before the last day on Friday, began work last summer to renovate its dilapidated Bauer stadium, which should be completed in the spring of 2024.

More than a dozen French formations fly the foreign flag, a phenomenon that even reaches the third division, where Saudis took control of Châteauroux (then in Ligue 2) last year.

Source: lefigaro

All news articles on 2022-05-11

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