Red Star FC
777 Partners acquisition · 6 Apr 2022
- Buyer
- 777 Partners
- Seller
- Patrice Haddad, Groupe Réalités & Guillaume Rambourg
- Stake acquired
- 100%
- Control
- Yes
- Reported consideration
- €13.5m
- Implied equity value
- —
- League
- Championnat National
- Country
- France
- Confidence
- MEDIUM
777 Partners acquired 100% of Red Star FC from Patrice Haddad, Groupe Réalités & Guillaume Rambourg, announced 6 Apr 2022, closing 11 May 2022.
Reported consideration was €13.5m. €5.6m of debt was assumed or restructured. €2m of new capital went into the club. A further €16.2m was announced as an investment commitment.
Nearest pre-acquisition revenue was €2.5m (FY 2021/22).
- Announced
- 6 Apr 2022
- Closed
- 11 May 2022
- Stake after transaction
- 100%
- Status
- completed
Reported consideration
What the buyer reportedly paid for the stake
Implied 100% equity value
Calculated: consideration ÷ stake acquired
Reported club valuation
Enterprise value
Only shown when debt/cash near the transaction date is established
Debt assumed / restructured
Primary capital injection
Total announced investment commitment
Commitments are not purchase price and not valuation
Nearest pre-acquisition financial year: 2021/22
Revenue
Wages
EBITDA
Net debt
Net income
777 Partners acquired 100% of Red Star FC from president Patrice Haddad, minority shareholder Guillaume Rambourg, and property group Réalités, announced as exclusive negotiations on 6 April 2022 and completed on 11 May 2022 while the club played in the Championnat National (French third tier). Neither club statement discloses a price. General/aggregated media widely cite an unsourced 'c.€19m' figure, but the best-evidenced number comes from investigative reporting that reviewed the actual DNCG regulatory filing: a €13.53m share price (€8.53m cash plus up to €5m in five-year earn-outs), within total verified deal funding of €16.17m that also included a €2m direct operational injection and repayment of €5.64m in pre-existing shareholder loans.
- Red Star FC official statement: 'Patrice Haddad entre en négociations exclusives avec 777 Partners' ↗Tier 1 · primary company
2022-04-06 · fr — “Confirms exclusive negotiations for 100% of Red Star FC shares between Patrice Haddad and 777 Partners; no price disclosed; Haddad to remain president.”
- Red Star FC official statement announcing completed 777 Partners takeover ↗Tier 1 · primary company
2022-05-11 · fr — “Confirms 777 Partners acquired 100% of Red Star FC (Haddad, Groupe Réalités, Guillaume Rambourg selling their full shareholdings), effective 11 May 2022, following the consultation/vetting procedure. No price disclosed.”
- George Boxall (Get French Football News/Substack): 'Inside the Red Star sale: what the DNCG documents really reveal about 777 Partners and French football oversight' ↗Tier 4 · specialist media
2025 — “Based on DNCG filing documents obtained by the outlet: purchase price €13.53m (€8.53m upfront + up to €5m earn-out over 5 years); €16.17m in verified funds behind the deal (€14.2m for shares, €2m operational injection); €5.64m of shareholder loans repaid at closing.”
- Societe.com company financial record: Red Star Football Club 1897 (SIREN 449385939) ↗Tier 4 · registry aggregator
n.d. · fr — “Registry-sourced net result of -€8,623,000 for fiscal year ending 30/06/2022; revenue for that year not disclosed ('NC').”
- Le Journal des Entreprises — RED STAR FOOTBALL CLUB 1897 (chiffres-clés Altarès) ↗Tier 2 · registry aggregator
2024-09-04 · fr — “Table 'Chiffres-clés, Source Altarès': Date de clôture 30/06/2022 | 30/06/2021 | 30/06/2020 | 30/06/2019 | 30/06/2017; Chiffre d'affaires (M€) 2,520 | 0 | 0 | 5,556 | 5,766; Résultat net (M€) -0,893 | 0 | 0 | -1,132 | -0,867”
- Xerfi — RED Star Football Club 1897 (fiche entreprise) ↗Tier 2 · registry aggregator
2024-01-01 · fr — “'06/2022 | Chiffre d'affaires 2 520 k€ | Frais de personnel 3 586 k€ | EBE -3 429 k€ | Résultat d'exploitation -3 350 k€ | Résultat net -893 k€ | Dettes financières 7 407 k€ | Fonds propres 322 k€'”
- Le Parisien — Ligue 2 : la faillite de 777 Partners ne remet pas en cause la cession du Red Star ↗Tier 2 · general media
2024-10-08 · fr — “'le club de la Seine-Saint-Denis est désormais sous contrôle de l'entreprise A-Cap. Cette société d'assurances américaine est le créancier de 777 Partners ... A-Cap s'est décidé à vendre le Red Star en fin de saison dernière en mandatant la banque Moelis & Company'”
- Le Parisien — Red Star : vers une reprise prochaine des travaux à Bauer… mais un gel de la vente du club ? ↗Tier 2 · general media
2025-01-17 · fr — “'Mais la vente ne s'est pas réalisée. « On a bien travaillé avec Pagliuca mais le stade a été un frein », confie Patrice Haddad'”
- Le Parisien — interview Patrice Haddad (relations avec A-Cap) ↗Tier 2 · general media
2026-08-07 · fr — “Q: 'Comment se passent aujourd'hui les relations avec votre propriétaire américain A-Cap (société d'assurances) ?' Haddad: 'Il respecte ses engagements ... Notre budget reste stable à 15 millions d'euros.'”
- L'Équipe — Todd Interests n'ayant plus l'exclusivité, la porte s'ouvre à d'autres repreneurs ↗Tier 2 · top media
2024-08-26 · fr — “'777 Partners, qui avait racheté le Red Star en 2022 pour 19 M€ ... Le chiffre de 30 M€ circule, qui correspondrait à peu près à l'investissement, hors prix d'achat, de 777 Partners depuis deux ans (26 M€)'”