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France

US businessman to buy Olympique de Marseille

media The mayor of Marseille, Jean-Claude Gaudin, with Margarita Louis-Dreyfus, and American businessman Franck McCourt on August 29. REUTERS/Philippe Laurenson

Frank McCourt, the former owner of U.S. baseball team L.A. Dodgers, said on Monday he had agreed to buy French Ligue 1 soccer club Olympique de Marseille (OM), vowing to restore the team to its former glory.

OM's biggest shareholder, billionaire businesswoman Margarita Louis-Dreyfus, announced in April that she was selling her stake in the club, which finished 13th in the league and lost to PSG in the French cup final.

"I'm very excited about making Marseille a champion again," McCourt said at a news conference alongside Louis-Dreyfus and Marseille mayor Jean-Claude Gaudin.

The deal is due to be completed by year-end. RMC Sport reported that the club had been sold for 40 million euros.
 

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