Euro 2020

OM – Accounts in the red… UEFA’s heavy penalties to be expected for the summer? – Euro 2020

by: Adam Smith

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Olympique de Marseille has a far from satisfactory financial result.

OM’s financial situation is catastrophic! The management of the club by its president, Jacques-Henri Eyraud, and its shareholder, Frank McCourt, raises questions today. The accounts of the holding company Eric Soccer were published this week. The club’s deficit for the 2018-2019 season exceeds 91.5 million euros, a disastrous situation and worse than the deficit posted in the previous season (78.5 million euros).

This situation can be explained by several bad acts in the management of Olympian leaders. The huge salaries awarded to Kevin Strootman, Dimitri Payet and even Mario Balotelli, freelancer of the second part of the season in 2018-2019. We must add the purchases made by OM (Benedetto and Rongier) during the summer even though UEFA had already alerted the club to its bad financial situation.

A settlement agreement at 30 million euros

The settlement agreement signed with UEFA states that “OM is committed to presenting a loss-making profit of up to 30 million euros for the year ending 2020, by 0 million for the year ending 2021.”

To better understand, OM must reduce its losses to 30 million euros by 30 June 2020. If the management of the Marseille club does not find a new source of revenue (sale of players or new partners …) before 30 June 2020, Marseille could be very heavily sanctioned by UEFA. For example, the court could issue a recruitment ban in future mercatos.

It remains to be seen which player OM will be able to sell before 30 June 2020: Sanson, Kamara, Thauvin…? In a difficult period for the transfer market with Euro 2020. Not to mention the Phoenician recruitment before a probable participation in the Champions League…