Toulouse FC
RedBird Capital Partners acquisition · 20 Jul 2020
- Seller
- Olivier Sadran (via Toulouse Loisirs)
- Stake acquired
- 85%
- Control
- Yes
- Reported consideration
- €10.7m
- Implied equity value
- €12.6m
- League
- Ligue 2
- Country
- France
- Confidence
- MEDIUM
RedBird Capital Partners acquired a 85% majority stake in Toulouse FC from Olivier Sadran (via Toulouse Loisirs), announced 20 Jul 2020.
Reported consideration was €10.7m. That implies a 100% equity value of €12.6m (calculated by us).
- Announced
- 20 Jul 2020
- Closed
- —
- Stake after transaction
- 85%
- 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: 2019/20
Revenue
Wages
EBITDA
Net debt
Net income
RedBird's acquisition of Toulouse FC is well-confirmed on the core facts (buyer, seller, 85% stake, July 20 2020 announcement, Ligue 2 status post-relegation) via RedBird's own press release. The consideration is the messy part: RedBird never disclosed a price at announcement, and initial media reporting (including L'Équipe) circulated a €20-30m range that appears to have been speculative.
- RedBird Capital Partners press release (GlobeNewswire) ↗Tier 1 · primary company
2020-07-20 — “RedBird Capital Partners and Toulouse Football Club owner Olivier Sadran entered into a definitive agreement on July 20, 2020 to sell an 85% majority stake in the Club to RedBird; Sadran retained a 15% stake and remained on the Board of Directors; Damien Comolli became executive director of football operations. Financial terms not disclosed.”
- Sportico — 'French Soccer Team Toulouse FC Sold to RedBird Capital' ↗Tier 4 · specialist media
2020-07-20 — “Reported RedBird's acquisition of an 85% stake in Toulouse FC from Olivier Sadran; noted that Cardinale/RedBird declined to disclose financial terms of the sale. (Fetched via search snippet only; full page returned a redirect that was not re-verified live.)”
- franceinfo — 'Ligue 2 : le Toulouse FC désormais propriété du fonds américain RedBird' ↗Tier 3 · national media
2020-07-20 · fr — “French national media confirming Toulouse FC (playing in Ligue 2 following 2019/20 relegation) was sold to RedBird Capital Partners. (Sourced via search snippet; not independently re-fetched.)”
- LesViolets.com — 'Info LesViolets.Com : voici pour quel prix Olivier Sadran a vendu le TFC à RedBird' ↗Tier 5 · specialist media
2021-05-24 · fr — “Cites company filings: 'Toulouse Loisirs a cédé 113 762 actions de la société Toulouse Football Club à la société FootballCo B.V pour 10 691 712 €' — i.e., the 85% stake was sold for €10.69m, versus media estimates at the time of €20-30m (per L'Équipe and others).”