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Official: Roma owners The Friedkin Group finalise deal to acquire French club AS Cannes

John Solano
I

RomaPress – Roma’s ownership consortium The Friedkin Group have acquired their second football club, agreeing a takeover for French fourth-tier side AS Cannes.

David Lisnard, the Mayor of Cannes, made the official announcement earlier this afternoon–spelling an end to a nearly 18-months long negotiation. Current Roma vice president Ryan Friedkin has been named the club’s new president, taking over for Anny Courtade, who will retain a 2% minority stake.

“It’s an exciting time to join such a legendary football club,” stated Friedkin in a press release.

“Cannes and this part of France have always held a special place in our hearts, and I would like to thank Mayor David Lisnard and Anny Courtade for giving my family the opportunity to continue the legacy of the Dragons.”

“We look forward to doing everything we can to make sure the club is competitive for further league promotions and to make the supporters and the city proud.”

“It’s a very emotional day but we hope the future is bright for AS Cannes guided by The Friedkin Group,” Courtade told the club’s website.

“The support for the club has been unwavering, it’s a testament that we were able to draw interest from nearly 74 potential investors. The city has always supported us with kindness and vigilance. Thank you to everyone who took part in this journey.”

The Friedkin’s initially opened talks to acquire Cannes last year after they were approached by Goldman Sachs. The two sides quickly came to a financial agreement but multiple delays prevented the deal from being finalised in mid-2022.

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