Blurred reigned over Red Star since the bankruptcy of 777 Partners the American investment fund that owns the Audon club. The legendary Saint-Ouen club was already for sale, given the difficulties of 777 Partners, which guarantees the sustainability of the club according to its president Patrice Haddad.
“Following the difficulties encountered by 777, the Red Star is accompanied and supported by A-Cap. Red Star is secure for the 2024-2025 season thanks to compliance with the commitments made to the DNCG and optimistic about the ongoing discussions regarding the future.he indicated.
A-Cap committed to selling the Red Star
A-Cap is the main creditor of 777 Partners, whose assets it has recovered since this summer, including Red Star. This other investment fund is committed to selling the club, and would have granted exclusivity for the purchase to Stephen Pagliuca and his company PagsGroup, the shareholder group of Atalanta Bergamo and the Boston Celtics.
READ ALSO. REPORTING. “It’s gut-wrenching”: Bauer, Red Star’s farewell to its century-old stand
According to information from The Team the sale could be concluded by the end of October.
Related News :