AssetID: 53998475
Headline: UNCAPTIONED: Kylian Mbappé Enters Club Ownership, Acquires Majority Stake in French Team Caen
Caption: Kylian Mbappé Enters Club Ownership, Acquires Majority Stake in French Team Caen. French soccer star Kylian Mbappé has taken a significant step into club ownership by acquiring a majority stake in the second-division French team Caen. Mbappé's company, Interconnected Ventures, bought the stake through its investment arm, Coalition Capital, which aims to boost the club's strategic development. The club's statement highlighted that this acquisition reinforces Caen's ambition to remain a historic team in French soccer, emphasizing sporting excellence and community engagement. Coalition Capital replaces the American investment fund Oaktree as the majority shareholder, purchasing 80% of the club for 15 million euros. The new ownership aims to create an environment where young talents can flourish, with a vision aligned with the club’s goals of community and sporting success. This move comes as Mbappé continues his illustrious career, having recently signed a five-year contract with Real Madrid after a successful period at Paris Saint-Germain. Interconnected Ventures CEO Ziad Hammoud expressed enthusiasm for developing Caen with PAC Invest, focusing on "sporting excellence and community engagement.” The team finished sixth in the second division last season, and new ownership aims to propel the club to greater success . While specific financial terms weren't fully disclosed, reports confirm the majority stake acquisition was valued at 15 million euros, signaling a significant investment in the club's future. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Kylian Mbappé,Enters,Club,Ownership,Acquires,Majority,Stake,French,Team,Caen,Football,Soccer,Investment,Arm,Coalition Capital,Boost,Strategic,Development,Business,Sports,Real Madrid,Player,Second-Division
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