the acquisition is being discussed at Red Star

The historic club of Saint-Ouen (Seine-Saint-Denis) recently entered into negotiations to allow the acquisition of the club by the American investment fund “777 partners”. A news that does not please the supporters.

The Red Star will die slowlyConcerned about the future of the Ile-de-France club National bought by an American fund, supporters expressed their anger on Friday, condemning excesses by management that promises that the buyer will have “the DNA” of the club.

The match of the third division between Red Star and Sète on Friday evening was definitively interrupted during the game after smoke bombs were thrown on the lawn of the Bauer stadium, in Saint-Ouen (Seine-Saint-Denis), at the end of an evening marked by demonstrations by fans against the takeover of the club by the investment fund 777 Partners, based in Miami.

“777 NOT WELCOME” (“Not welcome”), “777 OUT” (“Outside”)… The signs and banners placed by ultra supporters speak for themselves: they do not want future owners, entered into exclusive negotiations at the beginning of April with President Patrice Haddad for the sale of 100% of the shares of the 3rd club in Île-de-France, a region brimming with talent but represented only at the highest level by the behemoth Paris SG and Paris FC ( League 2).

It wasn’t a good night for anyone” acknowledges Vincent Chutet-Mézence, president of the Red Star Bauer Collective and spokesperson for the Rino Della Negra platform.But the fear of the supporters when they say that their club will slowly die, it is necessary to hear them“, he continues for AFP, while the Ile-de-France club is subject to Federation sanctions for this interrupted match.

This representative points the finger at the choice of an investment fund”based on 5,000 kilometers“, a “poker hand“what he thinks will probably happen”will cost the club much more in the coming years

The club’s management was quick to condemn the excesses in a press release, denouncing a “unusual and unacceptable behaviorWe had taken the trouble to open the door for dialogue with the representatives of the collective (…) but the invitation was unfortunately declined.“, laments Luc Pontiggia, the general manager. “777 is part of our roadmap and wants to respect the DNA of the club. It was essential to understand the identity and uniqueness of the club

The 777 Partners investment fund, also present in aviation or insurance, controls in particular the clubs of Standard de Liège (Belgium), Genoa (Italy) and Vasco de Gama (Brazil), in addition to owning “a significant interest“in Sevilla FC, in his words. Asked by AFP, 777 did not immediately respond.

His investment, estimated by the sports press between 10 and 19 million euros and to be definitively validated in the coming weeks, will be sustainable and will it be part of the local anchorage of the Seine club? -St Dennis?

Within the club, which has about fifteen employees outside the profession, it is assured that the teams will remain in place, starting with chairman Patrice Haddad, under whose leadership the Red Star once again tasted the professional world in the 2010s.

Management also believes that recent infrastructure developments – new training center in Marville, Bauer stadium renovated by 2024 as part of a huge real estate project – should be matched by investment in sports. The supporters, for their part, are more mixed. †A buyer to inject money, yes, but with a serious project“which marks a desire to”get involved”, notes Vincent Chutet-Mézence.

We will have to make sure that when we talk about values, this means concretely: local anchoring, training club, pricing accessible to all, medium and long-term approach and above all a peaceful meeting with the collective involved in the club life. †

Karim Bouamrane, Mayor (PS) of Saint-Ouen

These concerns are partly shared by the municipality. †If the expression of anger is reprehensible, the claims are legitimate“, AFP assures the mayor of Saint-Ouen Karim Bouamrane, who will meet with representatives of 777 Partners on Thursday, April 21. “We will have to make sure that when we talk about values, this means concretely: local anchoring, training club, pricing accessible to all, medium and long-term approach and above all a peaceful meeting with the collective involved in the life of the club.‘, extends the chosen PS.

Pending the completion of this criticized project, the Red Star – five-time winner of the Coupe de France between 1921 and 1942 and founded by Jules Rimet, the inventor of the World Cup – remains in the middle of the national ranking (11th place ) . He is likely to play at the third national level next season for the fourth year in a row, following his descent from Ligue 2 in 2019. Under the American flag?

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