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US tycoon completes Marseille purchase

Paris (AFP) – American tycoon Frank McCourt on Monday officially completed his purchase of French Ligue 1 side Marseille, his communications office confirmed. The 63-year-old former owner of the Los Angeles Dodgers signed the necessary paperwork in Paris having entered into exclusive discussions to buy Marseille from owner Margarita Louis-Dreyfus on August 29. McCourt’s ownership takes effect on Monday with his new club president Jacques-Henri Eyraud, arriving at the team’s Velodrome stadium to mark the start of a new era after 20 years under the control of the Louis-Dreyfus family.
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