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Wed 26 Nov 2014 11:25 AM

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Prince Alwaleed said be in talks to launch $125m takeover bid for Marseille football club

Stumbling block for the deal is the widow of the current owner, who is reluctant to sell

Prince Alwaleed said be in talks to launch $125m takeover bid for Marseille football club
Saudi prince Alwaleed Bin Talal Bin Abdulaziz Saud.

Saudi Arabia's Prince Alwaleed Bin Talal Bin Abdulaziz Saud
is in talks to buy French football club Olympique Marseille, according to reports.

The 59-year-old royal, who is chairman of Kingdom
Holding Company (KHC), is reportedly part of a $125 million takeover bid for
the French footballing giant, according to French newspaper L'Equipe.

One stumbling block in the deal could be Margarita
Louis-Dreyfus, the widow of the late owner, Robert Louis-Dreyfus, who is
apparently resisting offers to sell the club.

"Today there is no credible candidate able to
commit to the level of our competitors. And I will not give the club to someone
who makes promises he cannot keep," she is quoted as saying.

The Ligue 1 club, which was founded in 1899, is
currently atop the French league, beating Qatar-owned Paris Saint Germain into
second.

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