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Troyes
Ligue 1 / France
Troyes are in the midst of making a remarkable return to the top division of the French footballing world, after gaining promotion to Ligue 1. Following a clinical 3-0 win over AS Saint-Étienne on April 25, the "ESTAC" has mathematically guaranteed themselves a top-two finish in Ligue 2 with two matches remaining. The win also meant the club ended a three-year absence from the top flight.
Under the stable stewardship of City Football Group, which took full control in 2020, the club has transformed from a side on the verge of falling to the third division to now Ligue 1 new boys. With Stéphane Dumont at the helm and smart transfer business dealings in recent years, the City Football Group has played a crucial role in course-correcting the side to new heights. The promotion for the French side is set to be a financial boost, potentially jumping their finances from roughly €2 million in Ligue 2 to over €11 million in guaranteed TV rights and broadcasting revenue.
City Football Group is the majority stakeholder of ESTAC, alongside a minority stake owned by French businessman Maxime Ray. The Abu Dhabi United Group owns 81% majority stake in the club since September 2020, purchasing the shares previously held by Daniel Masoni. Among the minority shareholders, Silver Lake holds 18% and CITIC Capital holds 1% stake.
As a British-based holding company, the City Football Group administers association football clubs and have teams like Manchester City, Girona, Bahia and Palermo within its vast and global portfolio. Given below is a list of all teams owned by the City Football Group:
Clubs | Percentage of Ownership |
|---|---|
Manchester City | 100% |
Melbourne City | 100% |
New York City | 80% |
Montevideo City Torque | 100% |
Troyes | 100% |
Lommel | 99% |
Girona | 47% |
Shenzhen Peng City | 47% |
Yokohama F. Marinos | 20% |
Palermo | 94.94% |
Bahia | 90% |
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City Football Group is the world's leading private owner and operator of football clubs, with 12 football clubs across five continents within the CFG family. Following its establishment in May 2013, the CFG approach ensures that every club remains authentic to its fans and community, plays entertaining football, and benefits from being part of a global organisation that applies the world's best expertise on and off the pitch.
CFG pioneers and delivers a consistent underlying approach to talent development, fan experiences, sports entertainment, commercial opportunities, and community impact.
Reports estimate the City Football Group (CFG), which owns Manchester City and 10+ other clubs, is valued at over $5.9 billion (£4.7 billion) as of 2023. The private ownership had transformed itself into one of the world's most valuable sports organizations.
While the exact ownership history of Troyes is a bit unexplained, the era between 2009 and 2020 saw Daniel Masoni as the owner of ESTAC. The most stable period in modern history was under the chairmanship of City Football Group in September 2020, who have revolutionized and executed a massive turnaround at the club since taking charge of operations.
| Owner Name | Tenure |
|---|---|
| Daniel Masoni | 13th June 2006- 3rd September 2020 |
| Sheikh Mansour bin Zayed Al-Nahyan | 3rd September 2020-Present |
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The 2025-26 season has been a masterclass in Ligue 2 dominance. ESTAC amassed 64 points from 32 matches, recording 19 victories, 7 draws, and just 6 defeats. By extending their lead over Saint-Etienne to seven points – with Le Mans now occupying third – they mathematically secure their return to Ligue 1. They last played in the top flight during the 2022-23 season. Troyes' fortunes could have been considerably worse; during the 2023-24 campaign, when they faced relegation to the National (the third tier), only to be reinstated in Ligue 2 following the bankruptcy of Girondins Bordeaux.
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Frequently Asked Questions
Who are Troyes' owners?
The City Football Group is the majority owner of French side Troyes.
How much is The City Football Group Net Worth?
As of 2023, the City Football Group (CFG) is reportedly valued at over $4.8 billion to $5.9 billion.
Who are the major shareholders of Troyes?
The City Football Group is the major shareholder after buying the stake previously held by Daniel Masoni in September 2020.
Who was the first owner of Troyes?
Daniel Masoni was the previous majority owner of the French side Troyes before CFG bought their stake in 2020.
What is Troyes owner primary business?
The primary business of Troyes' owner, City Football Group (CFG), is the ownership and operation of a worldwide portfolio of professional football clubs.
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