Kylian Mbappe acquires the ownership of French club, Caen

The 25-year-old footballer will pay just under €20m to purchase most of the shares in French club SM Caen, while Pierre-Antin Capton, chairman of the supervisory board, will hold the rest of the capital, worth €5m, according to Le Parisien.

The newspaper publication also reported that negotiations between the parties have been ongoing for several weeks and are set to close soon.

The deal will mean the Real Madrid star will own 80% of the club, that finished last season in sixth place in the French second division, replacing the previous majority shareholder, the American investment fund Oaktree.

Mbappé, following in the footsteps of David Beckham, is expected to appoint Ziad Hammoud, the current head of his brand image team, as the new president, along with his mother Fayza Lamari.

The player reportedly nearly played for the Normandy-based club when he was younger.