The American investment fund “Partners 777” is ready to buy 100% of the shares of the French football club Red Star (Red Star).
Great news for the fans of this club. Red Star boss Patrice Hadad, who has held the position since 2008, has decided to sell 100 percent of the club’s shares to U.S. investors who are currently ready to invest in the progress.
The company in question is “Partners 777”, which is an expert in this business and already owns the Italian Genoa and the Belgian Standard Liege. They want to make Red Star a team that could reach Ligue 1 in the future. They are ready to invest 10 million euros in the first place, including the renovation of the “Bauer Stadium” tower and the training center.
The Red Star was founded in 1897 and is the fourth oldest French club after Standard Athletic, Avra and Bordeaux. They last played for the elite in 1975.