Italian businessman buys French football club

An Italian businessman, Giovanni Ciccolunghi has been named the chief executive of the French football club, Olympique de Marseille.

Margarita Louis-Dreyfus

Louis-Dreyfus, who took control of the club after the death of her husband Robert in 2009, also appointed long-time family friend Jean-Rene Angeloglou as chairman of the club's board.

Louis-Dreyfus said Ciccolunghi was a close associate of her husband Robert prior to his death in 2009 as a board member of the Louis-Dreyfus Commodities trading house.

After injecting tens of millions of euros into the club in recent years, the Russian-born Margarita Louis-Dreyfus said in April she was putting OM up for sale.

More from category

Recommended articles

Reactions as Dybala says goodbye to Juventus after 2-2 draw with Lazio

Reactions as Dybala says goodbye to Juventus after 2-2 draw with Lazio

Video: Europa League fever grips Seville as Aribo is tipped to make Nigerian history

Video: Europa League fever grips Seville as Aribo is tipped to make Nigerian history

Seko Fofana beats Moses Simon to the Marc-Vivien Foe African Player of the Year Award

Seko Fofana beats Moses Simon to the Marc-Vivien Foe African Player of the Year Award

Oshoala, Ebi, and 30 others invited for AWCON camp in Morocco

Oshoala, Ebi, and 30 others invited for AWCON camp in Morocco

“Our best player - Steve Bruce praises Semi Ajayi as he signs new contract

“Our best player” - Steve Bruce praises Semi Ajayi as he signs new contract

Lewandowski: Chelsea eyeing  swoop for wantaway striker

Lewandowski: Chelsea eyeing swoop for wantaway striker