Quiet about a possible sale since David Blitzer’s failure this summer, AS Saint-Etienne may have a new candidate. It would be the company Blockapital, a real estate investment player that uses partners. But at first glance, the presented file contains suspicious errors.
Difficult to know where the sale of AS Saint-Etienne is. Officially put on the market, the Saint-Etienne club no longer communicates on the subject since the failure this summer, when David Blitzer failed to reach an agreement at the end of exclusive negotiations. We can think that the Greens’ relegation to Ligue 2 has only reduced their attractiveness to investors.
ASSE hopes to communicate soon
On the other hand, the media outlet Goal Fútbol Club understands that the firm KPMG, in charge of studying the files of potential buyers, had no applications to check in recent weeks. The source still indicates that AS Saint-Etienne could communicate in the coming days. Would a sale have taken place quietly? According to information from Poteaux Carrés, a new actor has actually been introduced.
It would be Blockapital, a French real estate investment company by tokenization and whose objective is to raise 100 million euros via fundraising, mainly from partners. The idea would be to sell them a million tokens (or token) at 100 euros each to finance the takeover bid, the club’s debt, the hiring or even the management of the women’s team. The file may seem ambitious but it has nothing impressive so far. The problem is that the document presented to potential partners contains some pretty amazing information.
#ASS A new actor for the taking of the clubhttps://t.co/tuubjJXzrZ
— Square posts (@poteauxcarres) October 6, 2022
Not to mention the alleged trade and training center presented as a nugget factory, we learn that the squad includes players with a good market value such as Harold Moukoudi, Yvan Neyou, Arnaud Nordin, Denis Bouanga and Adil Aouchiche…! all missing this summer! It is also specified that ASSE Saint-Etienne ” regularly participates in European competitions “, while the club has just been relegated to Ligue 2. This does not prevent Blockapital from presenting this investment as low risk. It remains to be seen whether the dossier still attracted presidents Roland Romeyer and Bernard Caïazzo.