New owner of AS Saint-Etienne since last June, Canadian Larry Tanenbaum has an immense fortune. It should even expand since the boss of Kilmer Sports Ventures could complete a sale worth around three billion euros.
Before the arrival of Strasbourg on Saturday evening, AS Saint-Etienne supporters can only be worried. Their team has only won two matches in nine days of Ligue 1, and occupies the play-off place with only three points ahead of bottom Montpellier. The Greens obviously have time to get things back on track but it is clear that Olivier Dall'Oglio's squad needs reinforcement this winter. This is good news, new owner Larry Tanenbaum, whose personal fortune is estimated at 2.3 billion euros, could raise a huge amount by selling his shares in the company Maple Leaf Sports & Entertainment (MLSE).
« Toronto businessman Larry Tanenbaum could soon find himself with more than $3 billion (around €2.8 million) to spendannounced Richard Peddie, the former boss of MLSE, to the media The Star Toronto. And sports industry experts believe he could consider buying a professional football team in the English Premier League or a stake in an NFL franchise. He's going to have a lot of money to spend. I don't know what it will be after taxes, but it will be a significant amount. » Let Greens fans rest assured, even if he were to acquire a new club, Larry Tanenbaum is not the type to neglect one of his possessions.
A respected businessman
« The man has an exceptional reputationpraised Richard Peddie. He is appreciated by three leagues. He's a great man, and he's got a good track record. He knows the sport, and that’s important. Some newcomers come in with billions, but end up failing because they do things that don't make sense. Although Kilmer has already announced the arrival of a WNBA franchise in Toronto in 2026, Tanenbaum would still have plenty of money to invest. Kilmer is spending about $150 million to bring the WNBA to town, including $50 million for expansion costs, as well as building a new practice facility. » Proof that ASSE is well managed by a solid shareholder.
