Espérance Sportive Troyes Aube Champagne (ESTAC), who play in France's Ligue 2, has become City Football Group tenth club, following DNCG review of the acquisition, reports www.fcbusiness.co.uk
The acquisition by City Football Group (CFG), the parent company that owns Manchester City, is the latest move in their continued investment and expansion in global football and its strategy to develop clubs, players and academies and share knowledge across them.
Founded in 1986, ESTAC calls the 20,400 capacity Stade de l'Aube, home. The club won the Intertoto Cup in 2001 and were Ligue 2 champions in 2014-15, finishing in fourth place, one point off promotion, when the 2019-20 season was suspended.
CFG will become the new majority shareholder in ESTAC, 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.
The club joins CFG's line up of clubs which includes Manchester City FC, New York City in the US, Melbourne City FC in Australia, Yokohama F. Marinos in Japan, Montevideo City Torque in Uruguay, Girona FC in Spain, Sichuan Jiuniu FC in China, Mumbai City FC in India and Lommel SK in Belgium.
