St. Etienne
St. Etienne
French club Saint-Etienne set to be sold to US investors
Published
May. 16, 2018 5:01 a.m. ET
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.
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According to L'Equipe newspaper, the sale could be finalized within 10 days.
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