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TORONTO, May 13, 2024 (GLOBE NEWSWIRE) – Kilmer Sports Ventures, a component of the Kilmer Group, announced that it has entered into exclusive negotiations with its shareholders to acquire AS Saint-Étienne, one of France’s most decorated and beloved football clubs.
Founded in 1933, AS Saint-Étienne’s legacy includes ten Ligue 1 championships, the pinnacle of French football, a deep commitment to the network and an unrivalled fan base that extends far beyond the city to the entire region. After twenty years, existing shareholders Bernard Caïazzo and Roland Romeyer are new owners who will leverage their vision for the club and, with the right resources and expertise, return Saint-Étienne to its elite position in the league.
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If successful, the exclusive negotiations will transfer ownership of the club to Kilmer Sports Ventures, leveraging the unmatched expertise of two leaders in the world of sports: Larry Tanenbaum, a 30-year veteran and one of the most reputable team owners globally. America, and Ivan Gazidis, a legend of European football excellence with a proven track record in clubs in the construction league.
“AS Saint-Étienne is more than just a football club, it’s a community,” said Larry Tanenbaum, President and CEO of the Kilmer Group. “It’s the center of the city and the region, and has been for almost 90 years. years. This is anything that, as new owners, we would respect, maintain, and promote. I’m positive about what’s in store for us.
“It’s an honour to work with such a prestigious club as AS Saint-Étienne,” said Ivan Gazidis, President of Kilmer Sports Ventures. “Our goal is, step by step, to talk to the club’s supporters and bring Saint-Étienne back to the top of French football, where they will be able to compete with pride while respecting the club’s long-standing values. “
For Media Inquiries:
Courtney Glen, Kilmer Group, cglen@kilmergroup. com
About Kilmer Sports Ventures:
Kilmer Sports Ventures is a department of the Kilmer Group and focuses on investment opportunities in the world of sports and entertainment. Kilmer Group is a multi-generational platform with a long history of business progression and investment targeting 3 verticals: infrastructure and real estate. sports and media, and equities, including a majority stake in Coca-Cola Canada Bottling Limited.
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