8/29/2016

OM sold to the American businessman Frank McCourt


OM have finally found a buyer. The former owner, Margarita Louis-Dreyfus, sold the club to a new investor. This one is unknown to the French : American Frank McCourt, 63, former owner of the baseball franchise Los Angeles Dodgers.
The announcement was made by the Mayor of Marseille Jean-Claude Gaudin, during a press conference at City Hall alongside the American businessman and Margarita Louis-Dreyfus. No amount was disclosed for the acquisition, on which the works council of the OM must still be consulted.
"There is an ongoing process, it will take us until the completion of the transaction in a few weeks," said Frank McCourt.

Frank McCourt presented him as a "sports enthusiast ever since", which sold the Dodgers in 2012 for $ 2.15 billion. He is head of several investment companies.
The current owner of the club, Margarita Louis-Dreyfus, said she was sure that the American investor, chosen after "a process that is both challenging and long", was "the best choice" for OM.


Source : The Huffington Post

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