The Troyes football club, which plays in Ligue 2 this season, announced on Thursday that it had been acquired by the City Football Group, an Emirati company already owner of many clubs, including Manchester City, FC New York City and Girona FC. in Spain.
CFG buys back the shares of former owner Daniel Masoni.
City Football Group, the Emirati company that already owns Manchester City, among others, has acquired the Troyes club playing in Ligue 2, the latter announced in a statement on Thursday.
"The CFG will become the new majority shareholder of Estac (Esperance Sportive Troyes Aube Champagne), after having bought back the shares held by the former owner, Daniel Masoni", according to this press release published on the club's website.
"Happy to have been targeted by a group with an economic stature"
Daniel Masoni, who has regularly mentioned the plan to sell the Estac in recent years, "is happy to have been targeted by a group with sufficient economic scope to be able to grow the club significantly," said the press release. .
The City Football Group is "a major player in international football, which benefits from real know-how in the recovery and development of professional football clubs," said Daniel Masoni.
L'Estac becomes the tenth CFG club
A major private owner of football clubs, CFG already owns Manchester City, but also New York City FC in the United States, Girona FC in Spain, Sichuan Jiuniu FC in China and Mumbai City FC in India.
Estac becomes its tenth club.
Last season, the club were in fourth place in the L2 standings, before the league's suspension.