Kilmer Sports Ventures Poised to Acquire AS Saint-Étienne

Kilmer Sports Ventures, led by Larry Tanenbaum and Ivan Gazidis, enters exclusive negotiations to acquire French football club AS Saint-Étienne. The acquisition aims to leverage the group's expertise to return the club to its elite position in Ligue 1.

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Kilmer Sports Ventures Poised to Acquire AS Saint-Étienne

Kilmer Sports Ventures Poised to Acquire AS Saint-Étienne

Kilmer Sports Ventures, a Canadian group led by Larry Tanenbaum and Ivan Gazidis, has entered exclusive negotiations to acquire French football club AS Saint-Étienne. The announcement comes as the current shareholders, Bernard Caïazzo and Roland Romeyer, seek new owners to build on their vision and return the club to its elite position in Ligue 1 after over 20 years at the helm.

Founded in 1933, AS Saint-Étienne boasts a rich 90-year legacy, including 10 Ligue 1 championships and a strong commitment to its community and fan base. The acquisition aims to leverage the expertise of Tanenbaum, a respected team owner in North America with 30 years of experience, and Gazidis, a legend in European football known for building championship clubs during his tenures at Arsenal and AC Milan.

Tanenbaum, the 79-year-old Chairman and CEO of Kilmer Group, expressed his understanding of AS Saint-Étienne's significance: "AS Saint-Étienne is more than just a football club, it's a community... That's something, as new owners, we would respect, preserve, and promote. I'm optimistic for what lies ahead." Gazidis, 59, echoed this sentiment as the President of Kilmer Sports Ventures: "It's an honour to engage with a club as prestigious as AS Saint-Étienne... Our aim is, step-by-step, to engage with the club's fans and to bring Saint-Étienne back to the highest level of French football, where it can compete with pride in accordance with the club's historic values."

The sale is expected to be finalized in the coming weeks, pending the completion of information and consultation obligations with stakeholders and authorities. Caïazzo emphasized the importance of finding the right partner: "It was essential to find a new shareholder who ticks all the boxes and is not an investment fund, but a company that knows sports with strong human values. This is the case with this great Canadian group, powerful and talented."

Kilmer Sports Ventures' acquisition of AS Saint-Étienne marks a significant investment in French football, with the group aiming to build an ambitious project that reinforces the club's influence and positive role in the region. As the exclusive negotiations progress, fans and the football community eagerly await the next chapter in AS Saint-Étienne's storied history under the guidance of Tanenbaum and Gazidis.

Key Takeaways

  • Kilmer Sports Ventures enters exclusive talks to acquire AS Saint-Étienne.
  • Current owners seek new leadership to return club to Ligue 1 elite.
  • Tanenbaum and Gazidis bring 30+ years of sports experience to the venture.
  • Acquisition aims to promote club's community values and return to top level.
  • Sale expected to finalize in coming weeks pending stakeholder approval.