La Provence quoted United Arab Emirates-based banker Pablo
Dana as saying in an interview that the investment would include
an undisclosed sum for buying a majority shareholding in the
club.
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 Paris
Saint-Germain in the French cup final.
"The sale price will never be revealed by our side, nor by
Margarita Louis-Dreyfus. It is a three to five-year package for
between 250 million and 300 million euros," Dana told La
Provence.
Dana said the fund's investments could increase depending on how
the club performed. The fund said negotiations still needed to
be concluded and that if talks fell through there were other
opportunities to invest in other European soccer clubs.
Marseille won the last of their nine French league titles in
2010.
($1 = 0.9014 euros)
(Reporting by Jean-Francois Rosnoblet; Writing by Richard Lough;
editing by Sudipto Ganguly)
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