Frank McCourt Announces Search for New Investors for Olympique Marseille

American owner of French club Olympique Marseille, Frank McCourt, has confirmed his intention to begin the search for new financial investors to ensure the club's future growth and development. He explained that the time is right to launch this process with the aim of elevating the team to higher competitive levels, noting that achieving the desired aspirations will require additional investment in the upcoming phase.

As part of his efforts to develop the team, the French club's owner emphasized his desire to find the right strategic partner who can contribute to achieving ambitious growth targets. Frank McCourt stated: "I believe this is the right time to start this process because I really want Marseille to go to the next level." He added that reaching the highest sporting levels will necessarily require supplementary financial resources to meet fan expectations and compete strongly in major competitions.

McCourt indicated his preference not to disclose precise details regarding the nature of ongoing discussions or the names of parties interested in investing in the southern club. He said: "We want to find the right strategic partner to make that happen, and it's still too early to say more, we are in the process of thinking and organizing but we have this mentality." This move comes as the management seeks to strengthen the financial solvency of the club, which has seen tangible improvement in its technical results recently.

In terms of sporting results, the team currently sits third in the French league, two points ahead of pursuers Lyon and Lille. Frank McCourt has led the club since autumn 2016 and is currently aiming to secure a spot in next season's Champions League to solidify Marseille's position as one of France's leading football powers.