CAEN, France (AP) 鈥 French soccer great Kylian Mbapp茅 took his first step into club ownership on Wednesday when his company completed a takeover of second-division team Caen.
, a company founded by the Real Madrid striker, bought a majority stake in the French club based in Normandy through its investment arm, Coalition Capital.
鈥淭his transaction marks a significant step in the club鈥檚 strategic development and reinforces its natural ambition to remain among the historic (teams) in French soccer,鈥 Caen said in
Coalition Capital replaces the previous majority shareholder, American investment fund Oaktree. Financial details of the transaction were not given by Caen, but reports said Coalition Capital purchased 80% of the club for 15 million euros ($16.3 million).
鈥淎s the main investor in this project, we are very enthusiastic about the idea of 鈥嬧媍ontinuing the development of Caen, with PAC Invest,鈥 Interconnected Ventures CEO Ziad Hammoud said. 鈥淥ur shared vision with the club of sporting excellence and community engagement are at the heart of our approach. We are determined to create an environment where young talents can flourish.鈥
Caen finished sixth in the second division last season.
Mbapp茅 signed a five-year contract with Real Madrid in July after seven years with Paris Saint-Germain.
Mbapp茅 scored in the final when France won the 2018 World Cup, and he scored a hat trick in the team's loss to Argentina in the 2022 final. He wore a protective mask at this year's European Championship after
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