PARIS, May 15 (Xinhua) -- Ligue 1 club Saint-Etienne announced Tuesday that it has entered exclusive negotiations with investment company PEAK6, almost curtaining down the acquisition of former French league powerhouses by American investors.
"PEAK6 Investments L.P. (PEAK6) announces that it has entered into exclusive discussions with Bernard Caiazzo and Roland Romeyer with a view to acquiring the Sportive Association of Saint-Etienne," the club said in a statement.
Saint-Etienne is one of the most successful clubs in France with ten league titles, six French cups, a league cup and one European Champion Clubs' Cup (replaced by Champions League) final appearance, but it was last crowned in Ligue 1 back in 1981.
Co-owners of Saint-Etienne since 2004, Caiazzo and Romeyer recently made their decision to sell the club.
"After receiving various options and potential buyers, we are delighted to enter into exclusive negotiations with PEAK6," said the two current owners.
"We were convinced by their great knowledge of the sports world, their experience in business world and their international reputation, combined with their passion for football. This new step will ensure the sustainability of development of the club without denying its values," they added.
PEAK6 has great expertise in the sports world, and European football in particular, as it's a minority shareholder of AS Roma of Serie A, AFC Bournemouth of Premier League, as well as a majority shareholder of the Dundalk FC club in Ireland.
According to Saint-Etienne's statement, PEAK6 plans to appoint Jerome de Bontin as the new President of the club. De Bontin, born in Paris, was previously Director and President of AS Monaco and General Manager of New York Red Bulls.
"We are extremely proud to enter into exclusive discussions with Bernard Caiazzo and Roland Romeyer. Saint-Etienne is one of the bigggest French clubs with a prestigious history and strong values to new successes," commented De Bontin.