One of Fenway Sports Group’s most significant partners has stepped down from the board of directors at French side Toulouse ahead of next season’s Champions League.
Gerry Cardinale, founder and managing partner of New York-based investment firm RedBird Capital Partners, has removed himself from the board at the Ligue 1 side as part of a series of measures to create clear separation between Toulouse and another RedBird-owned side, AC Milan, which they acquired last year.
Toulouse booked their place in the Europa League next season, where they could end up meeting Liverpool, by virtue of winning the French Cup last season. It is the first time that the club, whose president is former Liverpool sporting director Damien Comolli, will have played in European competition since the 2007/08 season.
