Finding a buyer is a fairly long process, especially for a club in Standard’s situation. But this is being resolved step by step.
A few days ago, Bruno Venanzi, Standard and A-CAP reached an agreement after months of negotiations. This should allow the seizures targeting Standard as well as the company that owns the stadium to be lifted.
SudInfo now reports that the club will go before the notary on October 5, in order to convert all the loans granted by A-CAP, which amounts to carrying out a capital increase. The amount cited is around 25 million euros, so until now it constituted a debt of the club towards A-CAP.
Fewer corpses in the closet
And that’s not all: The Standard also reached an agreement with the British company which had lent it 10 million euros. This dates back to when number 16 was bought by 777 Partners (around 7 million remained to be repaid).
The problems inherited from the management of 777 are starting to be sorted out, with the aim of finally being able to sell the club. A-CAP has set the club’s sale price, asking for €15 million to €18 million.
An accessible amount, which should allow potential buyers to position themselves. Concrete offers would be expected in the coming weeks, although the situation should not be officially resolved before the end of the year. Until then, A-CAP will remain in control with Pierre Locht at the helm as resigning CEO.
