Black Friday Sale! Save huge on InvestingProGet up to 60% off

Olympique de Marseille owner putting club up for sale

Published 13/04/2016, 20:18
© Reuters. Olympique Marseille's owner Louis-Dreyfus attends the French Ligue 1 football match between her team and Paris St Germain in Paris

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.

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.

© Reuters. Olympique Marseille's owner Louis-Dreyfus attends the French Ligue 1 football match between her team and Paris St Germain in Paris

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.