Mbappe takes over French club Caen after buying majority stake

France and Real Madrid forward, Kylian Mbappe has taken control of Ligue 2 club Caen.

Interconnected Ventures, established by Mbappe, acquired a majority stake in the French team through its investment branch, Coalition Capital.

The 25-year-old France international reportedly invested approximately 15 million euros of his own money via the investment fund.

Coalition Capital now replaces the former majority shareholders, the American investment fund Oaktree.

Read Also: ‘My PSG days are over’ – Mbappe announces exit

Pierre-Antoine Capton, the current president of the club’s supervisory board, will remain a minority shareholder.

“It is an incredible opportunity for Stade Malherbe Caen to be able to count on Coalition Capital for its development. Its values, commitments and extraordinary vision of sport are unique assets for this project,” Capton said.

Caen finished sixth last season and start their Ligue 2 campaign on 17 August against Paris FC.

Caen were relegated from Ligue 1 in 2019.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now