Cannae announces BKFC’s acquisition of remaining 60% of FC Lorient

Cannae Holdings (CNNE) announced that Black Knight Football Club has acquired the remaining equity interests in FC Lorient, and is now the sole shareholder of FCL, a French Ligue 1 football club founded in 1926 and based in Lorient, Brittany, France. Loic Fery, the previous majority owner, is taking a portion of his consideration in BKFC shares, and will retain his position as president of FC Lorient, a role he has held since 2009. This transaction allows deeper integration of FC Lorient into BFKC’s multi-club model. BKFC’s ownership provides FC Lorient with financial strength and strategic resources on a global scale. By fostering collaboration between executives and sporting management, BKFC optimizes each club’s strengths and performance in training, recruitment, and player development to enhance the multi-club model. Within BKFC, FC Lorient joins an international group of clubs with strong identities, including AFC Bournemouth and Moreirense FC. FCL will benefit from a wide range of resources, expertise and links with partner clubs, in particular AFC Bournemouth, where there have already been multiple player transactions.