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Canadian Owners Abroad


Stryker911

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20 hours ago, Stryker911 said:

This is the region of Italy my parents are from. I bought a scarf from the ultras when I was there in the summer a few years back. It seems as though this club is going bankrupt every 5 years. Hopefully they can make it work this time.

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  • 2 weeks later...
  • 1 year later...

Joey Saputo's Bologna sitting in 5th place in Serie A. They have been doing some great business on the transfer market, so even though they will probably lose some big pieces in the summer, they have already bought some youngsters who should be able to fill in...and they will have money to spend. The Italian press are discussing whether Bologna can become the next Atalanta, a smaller team that can regularly punch above its weight to compete with the Italian giants.

I believe Joey will be paying for a temporary stadium to be constructed while their current municipally owned stadium is refurbished.

So while Saputo may take a lot of the blame for the shortcomings of CF Montreal, he is receiving many plaudits for his work in Italy.

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19 hours ago, masster said:

Another Saputo related story that caught my eye today...Bologna continued to pay the salary of former coach Sinisa Mihajlovic even after he passed away.

https://football-italia.net/bologna-continued-paying-mihajlovic-wages-after-his-death/

Didn't read the story but  Joey Saputo has a history of paying former coaches. I remember a reporter once telling him that he was still paying the former coach (or coaches) besides the present one and he annoyingly responded back "are you paying him?"😁

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  • 2 months later...

Tanenbaum in talks to buy French soccer club Saint-Etienne
Purchase of 1976 European Cup finalist should be ratified within weeks, club says
The Associated Press May 14, 2024

Storied French soccer club Saint-Etienne said on Monday it was in exclusive talks for a sale to Toronto businessman Larry Tanenbaum.

The full purchase of the 1976 European Cup finalist should be ratified within weeks, the club said in a statement four days before a key end-of-season game in its push to be promoted back to the top tier of French soccer.

Tanenbaum is the chairman and a minority owner of Maple Leaf Sports & Entertainment, which owns several major Toronto sports franchises including the Maple Leafs and Raptors.

He has been looking to make purchases outside of MLSE through Kilmer Group, his holding company. CBC Sports was first to report last week that Tanenbaum has secured a WNBA expansion franchise for the 2026 season.

"I know what Saint-Etienne represents for its community and for French football," Tanenbaum said in the statement, calling the club from central France "the beating heart of a city and its region."

Tanenbaum has attempted to enter the European soccer market before. In 2022 he joined with Boston Celtics owner Stephen Pagliuca and former captain John Terry in a failed bid to buy London-based Premier League club Chelsea.

Saint-Etienne is a 10-time champion of France, though not since 1981, when its star player was French great Michel Platini. Its 41,000-seat stadium is one of the venues for the men's and women's soccer tournaments at the Paris Olympics.

The pending deal was announced as Saint-Etienne prepares to end the second-tier regular season needing to win at Quevilly on Friday to stay in contention for a runner-up finish.

Saint-Etienne, which was relegated two years ago, is assured of at least a third-place finish and entry into a promotion playoffs bracket involving four teams.

The club said it wanted to "ensure an ambitious future" with a new owner that was "trusted, experienced and financially solid."

Saint-Etienne said the deal was being negotiated for Kilmer by Ivan Gazidis, the former CEO of Arsenal and Inter Milan.

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Not an owner but a Canadian government sponsorship of an English football club.

EFL League 2 club Barrow AFC based in Barrow-in-Furness, Cumbria announced that the Government of Newfoundland and Labrador has been named their Front of Shirt Partner for the next 2 years.

This weekend, Barrow players are in St. John's area assisting in developmental training camps with some local youth soccer organizations and the Association for New Canadians.

https://www.barrowafc.com/news/2024/june/new-shirts/

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17 hours ago, red card said:

Not an owner but a Canadian government sponsorship of an English football club.

EFL League 2 club Barrow AFC based in Barrow-in-Furness, Cumbria announced that the Government of Newfoundland and Labrador has been named their Front of Shirt Partner for the next 2 years.

This weekend, Barrow players are in St. John's area assisting in developmental training camps with some local youth soccer organizations and the Association for New Canadians.

https://www.barrowafc.com/news/2024/june/new-shirts/

That much different than Arsenal and "Visit Rwanda" at a higher level?

https://www.sportspromedia.com/news/arsenal-visit-rwanda-sleeve-sponsorship-deal/

Edited by WestHamCanadianinOxford
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15 hours ago, red card said:

Not an owner but a Canadian government sponsorship of an English football club.

EFL League 2 club Barrow AFC based in Barrow-in-Furness, Cumbria announced that the Government of Newfoundland and Labrador has been named their Front of Shirt Partner for the next 2 years.

This weekend, Barrow players are in St. John's area assisting in developmental training camps with some local youth soccer organizations and the Association for New Canadians.

https://www.barrowafc.com/news/2024/june/new-shirts/

That's a cool sponsorship move, like it.

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Though we mentioned it on the Sean Rea thread, it did not appear here: Castellón, owned by Canadian Haralabos (Bob) Voulgaris, has promoted into 2nd division Spain.  

The city just ceded the rights to use the municipal stadium for 50 years, and has approved gifting some land in the outskirts for a new training and youth football centre. The rights to the stadium means the club can make changes to it and eventually expand it (capacity 15,000 is small as the fans fill it).

Voulgaris has gotten rid after two years of a British firm specialized in rebuilding sports clubs, Pitch 32, some of whom had been involved in the Vancouver Olympics, but they were not Canadian. 

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  • 1 month later...

Venezia FC is connected to 2 Canadians. Part of the group of co-owners is Brad Katsuyama. You may know him from Michael Lewis book Flash Boys which looked into high frequency trading. Katsuyama now heads IEX, an alternative trading exchange.

The second Canadian is Drake. He has helped Venezia meet immediate financial obligations, including player salaries, and stave off the threat of bankruptcy last year. Through is investment in RedBird Capital, Drake also owns a bit of AC Milan.

https://worldsoccertalk.com/news/canadian-owned-venezia-averted-insolvency-all-thanks-to-drake/

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15 hours ago, Ivan said:

Wouldn't it be be nice if, for once, one of these rich Canadians actually invested in Canadian soccer? May go a long way in solving some of the many problems.

Edit- I should add, thanks to Kerfoot, Bell, Rogers, Saputo, Young, Sothern, and a few others we have something. 

A-fucking-men. Fuck it's not even a huge investment for these type of people to invest in the CPL/NWSL or even L1. 

Edited by toontownman
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On 8/14/2024 at 6:24 AM, Ivan said:

Wouldn't it be be nice if, for once, one of these rich Canadians actually invested in Canadian soccer? May go a long way in solving some of the many problems.

Edit- I should add, thanks to Kerfoot, Bell, Rogers, Saputo, Young, Sothern, and a few others we have something. 

There is a good reason they don't: we don't have the speculative structure of promotion in North America.

It's a bad investment to think about Canada because the ceiling is fixed and limited and there is hardly any potential for raising it. Investing in a 3rd tier team in Germany or Spain, you can move a hell of a lot. You can start with 8-10 million even, maybe 15-20, if the club is struggling pay some debts, it is not much more than a CPL franchise. Then take it on the road to top flight. Live the dream. Most fail, but the dream is still there and promotion to a higher tier is a really attractive draw for other investors, sponsors, merchandising, the town that owns the stadium. It is a real potential for benefit.

Buying into MLS or CPL is mostly charity work, or at least slow and long term investment at a low rate, because you can't go anywhere fast. I too would like the Deadpool guy or the Crodie to invest in Canadian soccer, but they'd be doing it for charitable tax donation purposes.

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