According to information from L’Équipe that we are able to confirm, the 777 Partners investment fund will indeed buy the Audonian club, from Red Star, currently in National. President Patrice Haddad, at the head of the club since January 2008, should announce the news Thursday morning before training to the players of his team. He will then explain that he has entered into “exclusive discussions”, the last stage of a takeover, with this investment fund specializing, among other things, in insurance, consumption, the media.
It had been a few months since the discussions between the two parties had started. 777 Partners, which has already owned the Italian club Genoa since last summer, has decided to expand to other clubs and is targeting renowned franchises steeped in history. 777 Partners therefore began by acquiring Standard de Liège (Belgian D1), as well as Vasco de Gama (Brazilian D1). The exchanges with Patrice Haddad lasted a little longer.
A priori, the latter wanted to ensure that the future buyer would vouch for the files in progress, in particular the renovation of the Bauer stadium and the construction of the training center. Haddad is expected to remain at the helm of Red Star to ensure the sustainability of ongoing business and the transaction. If obviously no amount has filtered on this sale, L’Équipe assures that it would be around 10 million euros.