Frenchman Jerome de Bontin
, who attended Amherst College and formerly served as the New York Red Bulls general manager, is organizing a group of unnamed American investors to buy St. Etienne,
one of the most storied names in French soccer, L'Equipe reported
De Bontin, who has been heavily
involved in American youth soccer, serving as Rush Soccer's chairman, is looking to reorganize Les Verts, who are owned by Bernard Caiazzo
and Roland Romeyer
reported that Caiazzo et Romeyer, who bought St. Etienne for 5 million euros ($6 million) in 2005, want at least 80 million euros ($96 million) for the club, but it may be only worth half that.
Reports out of France suggested that de Bontin is seeking out the interest of Arsene Wenger
, who stepped down at as Arsenal manager, or Leicester City boss Claude Puel
, to join
St. Etienne won the last of 10 league titles in 1981. It reached the 1976 European Cup final, losing to Bayern Munich, 1-0, in Glasgow.