“This is a major step in the great and prestigious history of Red Star FC, 125 years long”. In a press release published on its website, the club with the red star announced that it had reached an agreement with the American investment fund 777 Partners for the takeover of the National club, Wednesday, May 11. An expected recovery since the club and the fund had entered into exclusive negotiations in April, but which had been the subject of strong disputes from regulars at the Bauer stadium.
This is a major step in the great and prestigious history of @RedStarFC, 125 years long. Following a consultation and approval procedure, the Red Star club is now 100% owned by 777 Partners ⤵️
—Red Star FC ✪ (@RedStarFC) May 11, 2022
A league match against Sète even had to be interrupted because of protests in the stands. “Within a supposedly sporting nebula, we would then be the vulgar adjustment variable of a multinational whose interests are not compatible with those we defend”had written two associations of supporters of the Greens and Whites. “This model does not work!”they added.
The RS Bauer Collective reacted to the announcement on Twitter of the takeover of the club by talking about “dark day in the history of the Red Star”. “The fight has only just begun”they continue, promising to defend the values and identity that made this mythical club of Seine-Saint-Denis.
Today is a dark day in the history of Red Star More than ever #777NotWelcome ! The fight has only just begun ✊ https://t.co/LlITgphLRM
— RS Bauer Collective (@stadebauer) May 11, 2022
The founder of 777 Partners, for his part, tried to calm things down with the supporters, promising them a persistence of the values of Red Star. “We fully respect the DNA of the club and our main ambition is to broaden its horizons while retaining what makes Red Star FC unique.”he wrote in the press release before setting out a clear goal of rising to Ligue 2 as soon as possible.
Patrice Haddad, president of Red Star who will continue his mission at the head of the club at the red star, was delighted with the news. “I am deeply convinced, after a long reflection, that 777 Partners is the best choice to guarantee and perpetuate the values of our club, while giving it the means to open up new perspectives.he assures.
The American fund which already owns the teams of Standard de Liège, Genoa and Vasco de Gama as well as a significant part of Sevilla FC. Its portfolio also includes assets in insurance, aerospace and entertainment. The Red Star now occupies 11th place in the National.