Following their recent relegation from Ligue 1 , French football club Toulouse has sold a 85% stake to RedBird Capital Partners. The acquisition has taken place despite Football being rocked by COVID with lack of fans and TV rights defaults.
“Toulouse is an extraordinary city with a football club that has the opportunity and ability to succeed. We recognize the unique talent this city has and plan to commit continued focus towards youth development throughout the region. The Club has great potential and I am looking forward to working with our players, staff and RedBird to execute upon our plan to build a stronger future for the Club.”
Damien Comolli as President of Toulouse FC