City Football Group added a tenth club to its network with the announcement of Ligue 2 side Troyes.
Espérance Sportive Troyes Aube Champagne (known as ESTAC), has become the latest club to receive investment from the group and, which will become the new majority shareholder having acquired the shares owned by previous owner Daniel Masoni.
French businessman Maxime Ray has also acquired a minority stake in the Club. He will take a seat on the Club’s board.
“We have had an interest in French football for some time and have long admired ESTAC, so we are delighted to have completed the acquisition of our tenth club and have a permanent presence in France,” said Ferran Soriano, CEO, City Football Group.
“This is a milestone for City Football Group and demonstrates how our model continues to adapt and grow in a relatively short space of time.
“At City Football Group, our objective remains to play beautiful football, identify and develop grassroots talent and have a permanent presence in the world’s football centres. There is no doubt that France is one of the top football countries in the world and we are proud to be part of that community. We look forward to getting to know our new home and the club’s fans and working together to create a bright future for ESTAC. We would also like to thank Mr Masoni for all his contributions to the club”.
ESTAC finished in fourth place in the 2019/20 Ligue 2 table, ending the curtailed campaign one point off promotion.
The club joins CFG’s flagship Manchester City, as well as clubs in New York, Melbourne, Yokohama, Montevideo City, Girona, Chengdu, Mumbai, and Lommel in Belgium.