After its acquisition by Kilmer Ventures Sports, ASSE can nurture new sporting ambitions. If the project is intended to be an “evolution” and not a “revolution” as Ivan Gazidis indicated, the financial power of Larry Tanenbaum makes Saint-Etienne supporters hope for better days… However, other Ligue 1 clubs are relying also on colossal fortunes!
Upon his induction, Ivan Gazidis warned, “ We will build step by step, season after season, building on the solid foundations of the club. One of the biggest mistakes in football is making big promises that you can’t keep. We will make mistakes, there will be difficult times. In Milan, for example, the fans knew how to be patient. You know, fans see when there is a project that makes sense. »
Taking your time does not prevent you from deploying sufficiently significant resources to secure the project. ASSE attracted Larry Tanenbaum thanks to its development potential: “We have identified ASSE as being one of the best opportunities in European football… Larry (Tanenbaum), who is a sports fan, was very excited when he learned that we had the opportunity to buy ASSE. In Saint-Etienne, there is passion, and it echoes the other teams that Larry owns in Toronto and which have a strong role in the city. »
423 billion for PSG, 1 million for Angers!
AS St-Etienne therefore seems to be on the right track. However, it is not the most powerful team from a financial point of view. Other Ligue 1 clubs can now rely on colossal fortunes. However, performance is not always there. It is good to keep in mind that despite the billions represented by these men or companies who own the clubs, the know-how and organization put in place within them remain the key to success. It is also good to remember that a fortune does not correspond to a club’s budget!
Thus, according to account @MeteoFoot, PSG can rely on the fortune of Qatar Sport Inv. The latter amounts to 432 billion euros. At this level, the numbers no longer mean much… 10 billion or 432 allow you to set up a solid project, as long as the people in place are competent. They are on the Stade Brestois side. The club president has a fortune estimated at 12 million euros. This did not prevent the club from finishing the last financial year in third place in the ranking, ahead of Elliot Man’s 33 billion. Corp (Lille), the 16 billion of Ratcliff in Nice or the 3 billion of Textor in Lyon.
ASSE in the soft underbelly of Ligue 1!
AS St-Etienne is therefore neither the richest nor the most to be pitied in this Ligue 1. With a fortune of 2.5 billion euros, Kilmer Sports Ventures can harbor ambitions. More than Angers (1 to 2 million euros) or even Le Havre (3 million)… on paper in any case… Also more than OM and Franck Mc Court whose fortune is estimated at 1.3 billion euros , or even RC Lens where Oughourlian weighs 80 million euros. However, this does not prevent these two clubs from performing in France and Europe.
It remains to lay the foundations of a project that aims to be ambitious. Ivan Gazidis is a specialist and has already demonstrated it, notably with Milan…
