Owner of Raptors and Maple Leafs in talks to seal buying French soccer club Saint-Étienne

Owner of Raptors and Maple Leafs in talks to seal buying French soccer club Saint-Étienne

Owner of Raptors and Maple Leafs in talks to seal buying French soccer club Saint-Étienne

Storied French soccer club Saint-Étienne is in exclusive talks for a sale to the owner of the Toronto Raptors and Toronto Maple Leafs

ByThe Associated Press

May 13, 2024, 5:26 PM

    SAINT-ETIENNE, France -- Storied French soccer club Saint-Étienne said on Monday it was in exclusive talks for a sale to the owner of the Toronto Raptors and Toronto Maple Leafs.

    The full purchase of the 1976 European Cup finalist by Larry Tanenbaum’s Kilmer Group should be ratified within weeks, the club said in a statement four days before a key end-of-season game in its push to be promoted back to the top tier.

    “I know what Saint-Étienne represents for its community and for French football,” Tanenbaum said in the statement, calling the club from central France “the beating heart of a city and its region.”

    Saint-Étienne is a 10-time champion of France, though not since 1981, when its star player was French great Michel Platini. Its 41,000-seat stadium is one of the venues for the men’s and women’s soccer tournaments at the Paris Olympics.

    The pending deal was announced as Saint-Etienne prepares to end the second-tier regular season needing to win at Quevilly on Friday to stay in contention for a runner-up finish.

    Saint-Étienne, which was relegated two years ago, is assured of at least a third-place finish and entry into a promotion playoffs bracket involving four teams.

    The club said it wanted to “ensure an ambitious future” with a new owner that was “trusted, experienced and financially solid.”

    Tanenbaum is the chairman and CEO of Kilmer Group and chairman of the board for Maple Leaf Sports and Entertainment, which owns the NBA’s Raptors and NHL’s Maple Leafs. Kilmer also is reportedly being awarded a franchise in Toronto for a WNBA team.

    Saint-Étienne said the deal was being negotiated for Kilmer by Ivan Gazidis, the former CEO of Arsenal and Inter Milan.

    ___

    AP soccer: https://apnews.com/hub/soccer

    OTHER NEWS

    13 minutes ago

    Vanessa Hudgens takes the crown in ‘The Masked Singer’ season finale

    13 minutes ago

    Vulcan Materials slams Mexico's 'illegal expropriation' of its investments

    13 minutes ago

    Aespa's 'Armageddon' Tops Global Music Charts

    13 minutes ago

    The real Payne Stewart, 25 years later

    13 minutes ago

    Ofcom investigates Royal Mail for failing to meet first class delivery targets

    13 minutes ago

    Zinedine Zidane to signal 24 Hours of Le Mans start

    17 minutes ago

    MLB umpire Ángel Hernández, a target of scorn by fans and players, retires

    17 minutes ago

    EXCLUSIVE: Christie Brinkley details how doctors found skin cancer

    17 minutes ago

    Hess shareholders to vote on Chevron deal as dispute with Exxon over Guyana assets creates uncertainty

    18 minutes ago

    Rash of overdoses in Waterloo Region prompts community drug alert

    19 minutes ago

    3 Alternative Trade Ideas For The Oklahoma City Thunder

    19 minutes ago

    Georgian parliament overrides presidential veto of the divisive foreign influence bill

    19 minutes ago

    Khan says Government’s failure to ban zombie knives has ‘betrayed’ young people

    19 minutes ago

    The Cable Bundle Strikes Back

    19 minutes ago

    Vulture and visionary Todd Boehly is circling his next Chelsea bag-carrier

    19 minutes ago

    Putin would applaud Biden absence at Swiss peace summit, says Zelenskiy

    19 minutes ago

    Judge blocks Jack Smith’s request for gag order against Donald Trump in classified documents case

    19 minutes ago

    Streaming Bundles Are Here, and You May Need a Ph.D. to Navigate the Options

    19 minutes ago

    Chief of Station review – perma-scowled Aaron Eckhart bids for Liam Neeson ‘geri-action’ market

    19 minutes ago

    Russia Hits Major Artillery Losses Milestone

    19 minutes ago

    Why Southampton could face a harsh Premier League wake up call under Russell Martin

    19 minutes ago

    Next Leicester manager: 5 potential replacements as Enzo Maresca heads to Chelsea

    19 minutes ago

    Angela Rayner police probe dropped after council house row

    19 minutes ago

    Star fund manager Train loses on share picks in Cazoo and Manchester United

    19 minutes ago

    Med tech stock Semler Scientific takes bitcoin play from MicroStrategy's book, surges 30%

    19 minutes ago

    Triple lock plus explained: What is it and how would it impact my pension?

    19 minutes ago

    Pregnant This Morning star Sian Welby reveals she was 'forced to have a wee in the middle of the A3' after being trapped in horrendous four hour traffic

    19 minutes ago

    Millions of Shein children's clothes may contain high levels of toxic 'forever chemicals' linked to cancer and infertility

    19 minutes ago

    Katie Price claims Hollywood star Jamie Foxx 'came on' to her at Sir Elton John's Oscars bash in 2011 - and insists they even swapped numbers!

    19 minutes ago

    Video: Larry Hogan says Senate Republicans 'can't count on my vote' if he's elected in Maryland...could he be the next GOP Joe Manchin?

    19 minutes ago

    Video: Remarkable moment heroic drivers join forces to bring a swerving car to a halt on busy M25 - as 'drink driver', 41, is arrested

    19 minutes ago

    Video:

    19 minutes ago

    I fear a Labour government would raid pensions immediately - just like in 1997, warns JEFF PRESTRIDGE

    22 minutes ago

    Defence urges jurors to focus on paperwork as Trump hush money trial nears end

    22 minutes ago

    Ruud moves into French Open second round

    22 minutes ago

    Darius Rucker talks new memoir, speaks out on arrest for first time

    22 minutes ago

    What is Apple TV+? Price, devices, features, how to get it, and more

    22 minutes ago

    Christopher Nolan’s next film after Oppenheimer teased

    22 minutes ago

    Insmed, Agios rise; DraftKings, Atlantica fall, Tuesday, 5/28/2024

    22 minutes ago

    Book Review: Emil Ferris tackles big issues through a small child with a monster obsession