Dubai Investment Fund Explores Toulouse FC Acquisition

A Dubai-based investment firm, World Gate Investments, has confirmed ongoing discussions with RedBird Capital Partners regarding the potential purchase of Toulouse FC. The fund expressed interest in the French club, stating that the terms appear favorable and within their financial capabilities.

Raphaël Le Magoariec, an expert in Gulf state geopolitics, clarified that World Gate Investments operates more like an American investment fund than a sovereign wealth fund. He noted that the company is not owned by a member of the UAE’s ruling family inner circle.

This is not the first time Toulouse FC has been the subject of acquisition talks. In 2023, RedBird considered divesting from the club after Toulouse qualified for the Europa League, as it would have conflicted with UEFA’s multi-club ownership rules due to RedBird’s stake in AC Milan. The situation was resolved through a restructuring of Toulouse’s organization.

Earlier in 2024, reports surfaced about US-based Otro Capital showing interest in acquiring RedBird’s shares in Toulouse FC. The club has refrained from commenting on the current situation with World Gate Investments.

If the deal progresses, it could mark a significant shift in the ownership landscape of French football, potentially bringing increased Middle Eastern investment into Ligue 1.