Deals
Tampa Bay Rays Co-Owner Said to Back French Soccer Club Bid
- Goldman alum Frankel teams up with Pacific Media for Nancy bid
- Wealthy Americans continue to pour money into European soccer
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Randy Frankel, one of the owners of Major League Baseball’s Tampa Bay Rays, is among investors backing a bid for French soccer team AS Nancy Lorraine, people familiar with the matter said.
The Goldman Sachs Group Inc. alumnus teamed up with Paul Conway’s Pacific Media Group LLC on its offer to take over the club, the people said, asking not to be identified discussing confidential information. A deal could value Nancy at about 9 million euros ($11 million), one of the people said.