Increase Foley-led multi-club possession partnership technique to create a separate world soccer wealth portfolio ~
LAS VEGAS January 13, 2023– (BUSINESS WIRE) – Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or “Firm”) at present introduced the Black Knight Soccer and Leisure, LP (“BKFE” or “Partnership”), a partnership led by William P. Foley, II. “Foley”) and principally owned by Cannae, entered right into a strategic partnership and agreed to realize the curiosity of a minority stake in FC Lorient (“Membership”), the French Ligue 1 soccer membership. . The deal provides BKFE a chance to take a position extra capital after the season.
The funding in FC Lorient boosts BKFE’s multi-club possession technique, which started final month with the acquisition of AFC Bournemouth, the English Premier League membership. The partnership is constructing a world community of world-class soccer golf equipment, gamers and actual property property that can construct partnerships in operations, speed up participant growth, and make efficient participant transfers throughout the membership community that governs and operates the membership. BKFE whereas pushing laborious on the pitch. And monetary outcomes.
“We’re excited to announce a strategic partnership and funding in FC Lorient at present,” Foley mentioned. “Loïc Fery has efficiently constructed a world-class soccer membership and might be an important companion as we construct BKFE into a number one multi-club soccer operator. I sit up for partnering with Loïc and his crew to speed up The success of FC Lorient and BKFE.
For the final fourteen seasons, FC Lorient has operated underneath Loïc Fery (“Fery”) after turning into the youngest president of Ligue 1 membership. Fery’s administration is on the coronary heart of the membership’s progress and growth. FC Lorient might be a key contributor to BKFE’s multi-club possession technique. In BKFE, FC Lorient provides the operator with a report of success in Invoice Foley, who based the Vegas Golden Knights of the Nationwide Hockey League and recorded probably the most profitable season for any franchise growth. Reached the Stanley Cup remaining within the inaugural season.
“FC Lorient represents an important alternative that includes nice accountability as properly. Since I took over the membership in 2009, every of my choices has been pushed by the aim of restructuring,” Fery commented. Ligue 1 has the ambition of excellence for French soccer and I need our crew to be a part of this aggressive future. His ardour, his defining character and his world strategy to soccer with Bournemouth have satisfied me to affix forces. I’m delighted to make this chance a actuality for FC Lorient and welcome Invoice to FC Lorient “.
FC Lorient is a match of Ligue 1, the highest skilled soccer league in France, having competed on the highest stage of French soccer for 13 of the final 16 seasons. Ligue 1, which refers to itself because the “League of Abilities”, is a precedence for BKFE as it’s house to a few of the finest faculties in Europe and is thought for growing a few of the most proficient gamers on the earth. . FC Lorient is at the moment No. 6ទី Stand in Ligue 1 and No. 4ទី The Youngest Checklist is a testomony to the membership’s skill to successfully develop and use its youth abilities.
About Cannae Holdings, Inc.
We’re primarily fascinated by working firms and are actively concerned in managing and working the core groups of these firms. We’re long-term homeowners who assure the authority and governance of different firms primarily of their enterprise, and we do not need any pre-determined time once we promote or eliminate our enterprise. We consider that our long-term possession and lively involvement within the administration and operation of the corporate enhances the worth of these companies for our shareholders. Cannae’s present main holdings embrace Dun & Bradstreet Holdings, Inc. (NYSE: DNB) the place Cannae holds 79 million shares or 18% curiosity and Alight, Inc. (NYSE: ALIT) the place Cannae holds 52.5 million shares, representing 10% curiosity. Cannae additionally owns 6 million shares or 4% of Ceridian HCM Holdings, Inc. (NYSE: CDAY), 27 million shares or 24% of System1, Inc. (NYSE: SST) and three.4 million shares or 5.5% of Paysafe (NYSE: PSFE). Cannae’s different main holdings embrace Sightline Funds, which Cannae holds 32% of.
About FC Lorient
FC Lorient is a French skilled soccer membership primarily based in Lorient, Brittany, France. The membership was based in 1926 and is at the moment competing in Ligue 1, the best stage of the French males’s soccer league system. Lorient received the Coupe de France in 2002. FC Lorient has a profitable monitor report in growing world-class footballers, highlighted by its sturdy youth academy. FC Lorient additionally has a number one and lively ladies’s division within the growth and promotion of girls’s soccer. The membership performs its house video games on the 18,000-seat Stade Yves Allainmat (“Le Moustoir”), which hosts the well-known Celtic European summer time and serves as a multi-purpose venue for worldwide sporting occasions in addition to concert events. Music and large reveals as properly. .
Ahead-looking statements and danger components
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Jamie Lillis Managing Director, Solebury Strategic Communications, 203-428-3223, email@example.com