Published On: Tue, Feb 9th, 2016

French Football Club Olympique de Marseilles Seeks Buyer For $224 Million​

Margarita Louis-Dreyfus / Getty

 

Margarita Louis-Dreyfus, Russian owner of French Ligue 1 club Olympique de Marseille, is currently looking for a buyer who is ready to purchase the club for 100 million euros ($112 million), plus an initial investment of at least $112 million to refloat the team, which currently holds tenth position in Ligue 1 and 35 points behind leader Paris Saint-Germain.

Since the death of her husband in 2009, Louis-Dreyfus has invested $44.8 million in the club to offset operating losses, but the last capital injection took place in summer 2014.

Recently, she told the club’s president, Vincent Labrune, that she will not allocate any more money for Marseille.

The Russian billionaire took this decision only a few days before the resignation of the club’s general manager, Philippe Perez on Jan. 22, for strategic and financial differences.

The possibility of offering the club for sale emerged four and a half years ago, but the proposal only took a serious turn in 2014.

This story was first published at La Prensasa

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