Whether OM supporters are reassured – or restrained depending on their desire to see their club change hands or not – Frank McCourt has not yet decided to put the Marseille club on the market. The American businessman, on the other hand, has indeed chosen to part with part of his assets, by selling MGG Investment Group, his investment company specializing in private credit.
These days, the sale to the Generali group of some 77% of the capital of this family structure based in New York and founded a little over ten years ago, in 2014, held by the Bostonian, was thus formalized. A sale involving a portfolio of 6.6 billion dollars (around 5.7 billion euros), reports La Provence this Wednesday.
“ We are excited to continue to drive exceptional results for our investors and borrowers while creating new opportunities for our employees across Generali Investmentssays Kevin Griffin, CEO and investment director of MGG, previously associated with Frank McCourt.
For more than a decade, MGG has distinguished itself by its dynamic and exclusive sourcing capabilities, flexible capital and independent thinking. These principles will remain at the heart of our approach as we begin this new chapter.
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“The club is not for sale,” says McCourt
In recent years, the boss of the Olympians has chosen to refocus his investments on the Internet and new technologies, notably through the Liberty project. That ” in the service of the common good and for better use of data and artificial intelligence », Proudly announces its foundation.
Despite incessant rumors about a potential resale of OM to Saudi funds, Frank McCourt, who has never appeared as present in Marseille as in recent weeks, regularly proclaims to anyone who will listen his attachment to the Marseille city and its emblematic club. “ The club is not for sale and there should be no room for confusion on this matter.he insisted again last June. I am neither a private equity firm nor a state. The McCourt group is a family, and we are very attached to Marseille. »
