French club Saint-Etienne set to be sold to US investors
SAINT-ETIENNE, France (AP) France’s most decorated soccer club has started ”exclusive negotiations” with American investors.
Saint-Etienne says current owners Bernard Caiazzo and Roland Romeyer are discussing with PEAK6 Investments for the possible sale of the 10-time French champions, who dominated soccer in the country during the 1960s and `70s.
PEAK6 already has stakes in Serie A club Roma and Premier League team Bournemouth, and is the majority owner of Irish side Dundalk.
If the sale goes through, Saint-Etienne will become the second club in the top division to be sold to American interests after Frank McCourt took over at Marseille.
According to L’Equipe newspaper, the sale could be finalized within 10 days.