France Captain Kylian Mbappe Buys Ligue 2 Membership SM Caen

France captain Kylian Mbappe has taken over as majority shareholder of Ligue 2 membership Caen, Mbappe’s firm Interconnected Ventures introduced in a press release on Wednesday. The brand new Actual Madrid participant, who got here near signing for Caen when he was youthful, has acquired 80 p.c of the shares by Coalition Capital, the funding entity of Interconnected Ventures, changing US funding fund Oaktree as majority shareholder. No determine has been launched formally however French media studies put the acquisition payment at 15-20 million euros ($16-21.6 million).

“This transaction marks a big step within the membership’s strategic growth and reinforces its pure ambition to stay one of the profitable golf equipment in French soccer,” the membership mentioned in a press release.

“This acquisition will present Caen with extra strategic assets to strengthen its sporting coverage, modernise its infrastructure and develop progressive initiatives.”

Mbappe’s shut good friend Ziad Hammoud will take over as chairman of the membership.

“We’re decided to create an setting the place younger expertise can flourish and the place the membership can defend its id with power and ambition,” Hammoud mentioned within the press launch.

The 25-year-old World Cup winner, who now turns into one of many youngest house owners of knowledgeable membership, was courted by Caen when he was simply 13, earlier than he joined Monaco after which Paris Saint-Germain.

“You’d should suppose that the time he spent at Caen in his youth left its mark on him! How proud we’re to see a champion like @KMbappe investing in @SMCaen,” the mayor of Caen Aristide Olivier posted on social media.

Based in 1913, Caen completed fifth within the prime flight in 1992 and reached the League Cup remaining in 2005 however have performed in France’s second tier since 2019.

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