TOP STORIES - Cambodian prince set to withdraw bid for Saint-Étienne
TRANSFERmarketWEB.com
According to L'Équipe, Norodom Ravichak, the Cambodian prince who had put in a proposal to buy Saint-Étienne, would announce his withdrawal in the coming days.
Because of Les Verts' dismal start to the season – they are now in 20th position – and the surge in fan violence this season, Ravichak is believed to be growing apprehensive about the idea.
After reviewing the scant documentation made available to him, the would-be investor is likewise hesitant. The club's Data Room, a computerized database outlining the club's financial health, was only partially accessible to KPMG, the audit company in charge of seeking takeover contenders.
Currently, businessman Olivier Markarian's offer is the most advanced, while American investment firm Terrapin Partners is just speculatively involved. Caazzo is adamant about not selling to the former since it would be his last exit from the club.
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Source: transfermarketweb.com
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