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Marseille looking to find solutions to reduce debt

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The crisis is growing as Olympique de Marseille are still unable to find any solution to reduce a deficit of 35 million Euros
There are times in life when nothing goes your way no matter how hard you try. The same can be said of many football clubs. http://www.senore.com/Football-soccer/Olympique-de-Marseille-c40127, despite winning Coupe de la Ligue, cannot be proud of what they achieved this season.
Les Phoceens were simply abysmal in the league since the turn of the new year. Managing to win games in the Championnat became ever so difficult for the Rhone giants especially after the departure of Argentine International, Lucho Gonzalez who left the club
for http://www.senore.com/Football-soccer/FC-Porto-c39186.
Though the season is about to end, Marseille’s troubles have only just begun if their financial insecurities are to be given a look. According to Le Provence, Les Phoceens face a 35 million euros deficit by June 2013.
Owner and major shareholder, Margarita Louis-Dreyfus, has insisted that she will not disengage from the club. however, she hasn’t given any signs of injecting some money into the club either. President, Vincent Labrune is trying heaven and earth to resolve
this issue but the owner is not budging which makes the situation even more bleak than it already is.
The Rhone daily now claims that Labrune is looking for other avenues to reduce the club’s growing deficit. Labrune is trying to sell the commercial rights of Marseille to Sportfive. In recent times, AS Saint-Etienne, http://www.senore.com/Football-soccer/Olympique-Lyonnais-c40130 and even Borussia
Dortmund have adopted such measures in order to save the club from a crisis situation that can possibly lead up to liquidation.
Though these options give a juicy and inviting outlook, they are short-term solutions and would be an inconvenience in the long-term.
Money would be available to the club so the offer sounds tempting. However, the president also needs to realise that this will also bring a lot of inconvenience to the club.
“The offers of Sportfive are rather tempting. The positive point is that money is immediately available. The inconvenience, it is because we will sell family jewels. Sportfive, they are not philanthropists. If they pay 30 million euro, they hope to get back
90. It is a very expensive solution of financing that compromises widely the value, which is already limited, and the future of the club ", explained an expert to the regional daily newspaper. As on the sports plan, Vincent Labrune is going to have to cut
advisedly. The future of the club depends on it.

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