Chabane will sell the French soccer team for 49 times what he paid in 2011.
The team posted a profit of $3.5 million on revenue of $34 million during the prepandemic 2018-19 season, thanks mainly to pulling in $22.7 million in broadcasting revenue in the top French league versus revenue of just $5.4 million when they were in the second division.
Angers, hit hard by the lack of ticket revenue during the pandemic, lost $20 million in 2020-21, the last season for which results have been reported. But fret not for Chabane. Sources tellhe’s very close to selling the team for $84 million—49 times what he paid. The buyer? One source said he heard it was Germania Financial Services, but that couldn’t be substantiated through other contacts. Both Angers SCO and GFS didn’t respond to requests for comment.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
One of Domaine de la Romanée-Conti’s Finest Vintages Is Heading to AuctionSotheby's is Auctioning Off 60 Lots of DRC Wine
Lire la suite »
Rare CryptoPunk NFT listed for less than half price paid four months agoOne NFT collector who bought a CryptoPunk for $23.7 million in February has listed the same item for sale at a loss of about $14 million.
Lire la suite »
Shubert Foundation Awards Record $37.6M In Grants To Non-Profit Arts, $2M For HBCU ScholarshipsThe Shubert Foundation has awarded a record $37.6 million in unrestricted grants to not-for-profit theaters, dance companies, academic theater training programs, and related service agencies, and i…
Lire la suite »
Dallas approves up to $96 million in incentives for downtown skyscraper projectDevelopers who want to build a huge mixed-use project on the south side of downtown Dallas got millions of dollars of incentives for the project from the city. ...
Lire la suite »
Alleging Entergy 'over-profited' from Grand Gulf, PSC announces $300 million settlementThe Mississippi Public Service Commission announced a $300 million settlement on Thursday with Entergy Mississippi over profits the company received in running the Grand Gulf Nuclear Power Station in Port Gibson.
Lire la suite »
Denver Tourism Slowly Rebounding Thanks To Demand, But Inflation Not HelpingExperts say Denver tourism took a huge hit with the pandemic, but new data shows numbers are slowly rebounding.
Lire la suite »