Wednesday, January 17, 2007

Kachkar to buy Marseille

17/01/2007
Eurosport

Businessman confident of Marseille buyoutCanadian billionaire Jack Kachkar is buying Olympique Marseille owner Robert Louis Dreyfus' share of the club. The final details are being cleared up but the deal should be completed within the next few days, Kachkar's representatives told eurosport.com.

The new OM supremo is contractually obliged to keep chairman Pape Diouf and director of sports Jose Anigo until the end of the season.

"Jack Kachkar confirms he made an offer to Robert Louis Dreyfus, accompanied by the requisite guarantees, for the acquisition of his majority shareholding of Olympique Marseille," a spokesman told us today.

"Mr Kachkar's offer will be revealed to the Marseille board in the next few days for a consultation. The operation must be concluded during February."

Kachkar has been linked with a move for the sleeping giants since the start of the season, with Sven-Goran Eriksson reportedly primed to take the coaching reins on confirmation.

"I have wanted to invest myself personally in a big football club for a long time," Jack Kachkar declared.

"I am passionate about football and I have been a Marseille fan for a while now. I appreciate its history and the support of the fans for their team.

"Being the major shareholder of this historic club is an honour for me. This is why I have the intention to involve myself personally within the club in the long-term.

"Together we will make Olympique de Marseille a big club again."

Kachkar is a Syrian-born Canadian of Armenian ancestry and runs Inyx Ltd, a pharmaceuticals company.

Eurosport - LP & RM - 17/01/2007 20:16

Note: Above are excerpts from the article. The full article appears here. Clarifications and comments by me are contained in {}. Deletions are marked by [...]. The bold emphasis is mine.

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