Toulouse FC: "We are here to invest for the long term and to win" (G. Cardinale, RedBird)

"In the short term, the objective of Toulouse FC (relegated to Ligue 2 BKT for 2020-21) is to return to Ligue 1. In the long term, it is to provide the club with the necessary resources for winning seasons over time, at higher levels, and to restore Toulouse to its iconic team status. And above all, we want to revitalize the fan community. Make no mistake, we are here to invest for the long term and to win! And I am convinced that with the club, we have everything to succeed, on and off the field," stated Gerry Cardinale, founder and managing partner of RedBird Capital Partners, new majority shareholder of the Toulouse football club, in the French media L'Equipe, on 21/07/2020.

"Toulouse FC and its owner Olivier Sadran have reached a definitive agreement with RedBird Capital Partners (investment fund based in New York City, United States) for the sale of a majority stake in the club's capital, up to 85%," announced Toulouse FC on 20/07/2020. Olivier Sadran, who leaves the presidency to be replaced by Damien Comolli, however retains 15% of the capital of Toulouse FC and a seat on…