Football

Struggling Toulouse in takeover talks with RedBird Capital Partners - club

Share this with
Copy
Share this article
ByReuters
22/05/2020 at 10:18 | Updated 22/05/2020 at 10:19

May 22 (Reuters) - The owner of relegated Ligue 1 club Toulouse is in talks with American investment firm RedBird Capital Partners to sell an 85% stake in the French side.

"I am convinced that RedBird Capital Partners has the skills and resources to help Toulouse Football Club return to the elite of French football," Toulouse president and owner Olivier Sadran, who would retain a 15% stake, said in a club statement.

Toulouse were relegated to Ligue 2 after finishing bottom of the table when the Ligue 1 season was stopped last month amid the COVID-19 crisis.

Football

Huddersfield owner warns 50 or 60 clubs could go bust by next year

2 HOURS AGO

"We confirm that we are in exclusive negotiations with Olivier Sadran as we look to acquire a majority stake in Toulouse Football Club," RedBird Capital founder Gerry Cardinale was quoted as saying on the Toulouse website. (Reporting by Julien Pretot; Editing by Christian Radnedge)

Premier League

Green light for close-contact training ahead of Premier League vote

3 HOURS AGO
Football

The Warm-Up: Are behind closed doors games eliminating home advantage?

3 HOURS AGO
Related Topics
Football
Share this with
Copy
Share this article

Latest News

Football

Huddersfield owner warns 50 or 60 clubs could go bust by next year

2 HOURS AGO

Latest Videos

Football

Highlights: Bayern exact revenge on Frankfurt with five-goal showing

00:01:34

Most popular

Olympics

Wiggins: Having the Olympics where I grew up was bizarre but so special

18 HOURS AGO
View more