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

READ MORE: Margarita Louis-Dreyfus

Margarita Louis-Dreyfus  Philipp Hildebrand

Louis Dreyfus Commodities has said that its 53-year-old Swiss billionaire chair is pregnant with twin girls. The conglomerate said in a statement Monday that Margarita Louis-Dreyfus is due in early April More…

Margarita Louis-Dreyfus / Getty

(Reuters) Members of the founding family of Louis Dreyfus Commodities have asked the majority shareholder of the commodities trader to buy out most of their stake, Britain’s Financial Times newspaper reported More…

Margarita Louis-Dreyfus / Getty

Brazil’s sugar producers will struggle to expand output and take advantage of the market’s first supply shortfall in five years, Louis Dreyfus Commodities Holdings’s sugar unit says. Some companies may have More…

Read more about: , , , , ,

Wordpress site Developed by Fixing WordPress Problems