American ex-Goldman Sachs investor set to buy French club Toulouse

2020-05-21 19:53

The owners of French football club Toulouse are in negotiations with the American investment group RedBird Capital Partners to sell 85 percent of the club, the two parties said on Thursday.

Toulouse will be in the French second flight next season after ending the shortened 2019-2020 campaign rock bottom of Ligue 1 and suffering automatic relegation.

But Toulouse now appear on the brink of an injection of American investment by a former Goldman Sachs partner.

American investors have in recent seasons taken control of Marseille, Bordeaux and Le Havre.

Frenchman Olivier Sadran, who currently owns Toulouse, is hoping to keep part ownership.

"I'm from Toulouse and I have it in my heart to maintain an interest here," said Sadran, who took ownership in 2001.

"I believe RedBird Capital Partners have both the competence and the resources to take Toulouse football club forwards."


Read more on:    toulouse  |  coronavirus  |  soccer


Read News24’s Comments Policy

Love 2 Meet
Sport24 on Twitter

Follow Sport24 news on Twitter


The 2019/20 Absa Premiership season is in full swing. Will Mamelodi Sundowns retain their title? Or can one of Kaizer Chiefs, Orlando Pirates, Wits, SuperSport United - or another team perhaps - snatch glory from the Brazilians? Be sure to visit Sport24 for all the latest news!

Latest blogs

Assuming the 2019/20 Absa Premiership season can't be concluded prior to the 31 July deadline decreed by FIFA, what would be the fairest way to settle matters - all bias aside?

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

There are new stories on the homepage. Click here to see them.