Mbappé takes first step into club ownership when his company buys second-division French team Caen

CAEN, France (AP) — French soccer great Kylian Mbappé took his first step into club ownership when his company completed a takeover of second-division team Caen. The club says Interconnected Ventures, a company founded by the Real Madrid striker, bought a majority stake in the French team based in Normandy through its investment arm, Coalition Capital. Caen says “this transaction marks a significant step in the club’s strategic development.” Coalition Capital replaces the previous majority shareholder, American investment fund Oaktree. Mbappé signed a five-year contract with Real Madrid in July after seven years with Paris Saint-Germain.