Nantes pull out of ‘not serious’ takeover talks with Phenix Capital
· GetFrenchFN
Nantes owner and president Waldemar Kita has announced that he definitely stopped any talks with Phenix Capital regarding the company’s project to takeover the Ligue 2 side, Les Canaris have…
Nantes owner and president Waldemar Kita has announced that he definitely stopped any talks with Phenix Capital regarding the company’s project to takeover the Ligue 2 side, Les Canaris have officially confirmed. A month ago, a broad agreement was reportedly reached and a sale process entered into exclusive negotiations . But it appears that Phenix Capital could not provide the promised financial guarantees.
FC Nantes add that the prospective buyers also did not transmit to DNCG – Direction Nationale du Contrôle de Gestion, French football’s financial watchdog – the complete file necessary for the validation of such an operation. The Ligue 2 side also says that the takeover project fronted by Phenix Capital was “ clearly not serious .”
> “ The project of this potential buyer did not present sufficient elements to ensure a healthy and sustainable takeover or guarantee the future of the club “, Kita says. “ So it was not conceivable to follow up on it and expose all employees to the slightest uncertainty. “