RedBird Capital Partners, a principal investment firm, agreed to acquire an 85% stake in Toulouse Football Club, a French professional football club based in Toulouse, from club owner Olivier Sadran. Financial terms were not disclosed. "I am thrilled and honored to lead Toulouse FC as its new President. Toulouse is an extraordinary city with a football club that has the opportunity and ability to succeed. We recognize the unique talent this city has and plan to commit continued focus towards youth development throughout the region. The Club has great potential and I am looking forward to working with our players, staff and RedBird to execute upon our plan to build a stronger future for the Club," Damien Comolli, Toulouse FC newly appointed President.