OM being targeted for purchase

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Post by sportsczy Mon Nov 24, 2014 10:43 am

http://www.lequipe.fr/Football/Article/Et-si-l-om-changeait-de-main-nbsp/33962

Saudi Arabian prince, Al-Walid, is looking to purchase OM for 100-150 mil euros.  He's the 16th richest person in the world according to Forbes with a personal fortune of 21,7 billion.  He spends all his holidays in France for decades apparently and his son was saved from paralysis in Marseille after a skiing accident.

Made much of his fortune through investments in the US and Europe as well as the Middle East actually... he has a bachelor's degree from Syracuse University in NY.

He wants to compete against PSG in France as he's been a OM fan since the 90s apparently. Friends with previous OM owner Bernard Tapie.
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Post by Kick Mon Nov 24, 2014 11:42 am

Would be great for French football if he did it the right way imo.
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Post by Kaladin Mon Nov 24, 2014 11:47 am

Monaco, OM and PSG hmm

R.I.P. Serie Zzzzzzzz
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Post by sportsczy Mon Nov 24, 2014 12:10 pm

Monaco owner has personal financial issue for now... so that project is on pause for probably 2-3 years. They're going the Porto/Benfica business model route for now.
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Post by farfan Mon Nov 24, 2014 12:16 pm

El Shaarawy wrote:Monaco, OM and PSG hmm

R.I.P. Serie Zzzzzzzz


Rennes owner is worth 15 billion dollars ( and he's married to salma hayek Laughing )

too bad he's too cheap and doesn't wanna spend money on the club .
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Post by Kaladin Mon Nov 24, 2014 12:23 pm

farfan wrote:
El Shaarawy wrote:Monaco, OM and PSG hmm

R.I.P. Serie Zzzzzzzz


Rennes owner is worth 15 billion dollars ( and he's married to salma hayek Laughing )

too bad he's too cheap and doesn't wanna spend money on the club .


15 billion is barely enough to put food on the table these days tbf, just ask Berlusconi who's struggling with a measly 9 billion net worth
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Post by Doc Mon Nov 24, 2014 1:52 pm

Wait, that's all you need to buy Marseille?
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Post by sportsczy Mon Nov 24, 2014 2:02 pm

Colony Capital sold 70% of PSG to QIA for 40 million in 2011.... 100-150 million is a lot of money for a club in France. If there wasn't a new stadium, OM would be worth probably 70-80.
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Post by BarrileteCosmico Mon Nov 24, 2014 3:18 pm

It's really not that surprising. Football clubs are terrible business models and have terrible profit margins, if there are profits at all.
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