Selling ASSE: Cambodian prince is about to run out of time

 For sale in April last year by Bernard Caïazzo and Roland Romeyer, the Saint-Etienne received interest from a member of the Cambodian royal family, however, three days after it officially submitted its application to acquire ASSE. , Norodom Ravichak has not yet been given the green light to enter the "Data Room" (all data, inside information of the ASSE), according to L'Equipe, the 47-year-old businessman has just set foot in the waiting room. Simply because KPMG, the Anglo-Dutch audit and consulting firm authorized for this purchase, hadn't sent him the access code. However, the prince's entourage is expected to receive the code before the end of this week. But now, KPMG continues to review the documents sent by SAR Ravichak and associates... China, and KPMG also requires "more financial security".

Ravichak behind Markarian and Terrapin?

This first quick brake shows that the Cambodian prince's offer to take over is not so solid. Nothing is ruled out at the moment, as Ravichak will be able to enter Sainté's Data Room in the coming days. As a result, he was able to gain access to confidential data about the club: "Thanks to an in-depth study of financial accounting, social, economic, heritage, real estate... in three over the past year, the candidate for the takeover will be properly diagnosed with the state of the club's health." If the quick access code is not received, the Cambodian candidate will be able to say goodbye to his dream of buying a French club. Because at the same time, two other candidates, namely Olivier Markarian and Terrapin Partners, also entered the waiting room. Suffice it to say that time is running out for Ravichak, especially since Caïazzo and Romeyer (2 co-chairs of Saint-Etienne) still want to sell their shares before the end of the year.