Olympique de Marseille owner putting club up for sale

MARSEILLE (Reuters) - Olympique de Marseille's majority owner, billionaire businesswoman Margarita Louis-Dreyfus, is putting the French Ligue 1 football club up for sale, she said on Wednesday.

Olympique de Marseille owner putting club up for sale

(Reuters)





Louis-Dreyfus, the Russian-born chairwoman of global trading house Louis Dreyfus Commodities, said she would sell Marseille to the best long-term investor.

"The price is not my first concern. However, the capacity of the new shareholder to build a team capable of winning at the highest level is essential," she said in a statement obtained by BFM TV. The club's management confirmed the contents of the statement.

A source close to the club, whose sale has been rumoured in the past, said several offers had been made in recent weeks.

Marseille, European champions in 1993, are struggling this season, lying 14th in top-flight standings and only six points clear of the relegation zone.

Louis-Dreyfus, who has injected tens of millions of euros into the club in recent years, said a club backed by an individual like herself was no match to rivals supported by governments or specialised sports firms with deeper pockets.

Louis-Dreyfus took control of the club after the death of her husband Robert in 2009.

Marseille won the last of their nine French league titles in 2010.





(Reporting by Jean-Francois Rosnoblet; writing by Leigh Thomas, editing by Ed Osmond)


Share

2 min read

Published

Source: Reuters



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world