Marseille’s main shareholder Robert Louis-Dreyfus has broken off takeover talks with Canadian businessman Jack Kachkar, raissing uncertainty over the future of the club.
Kachkar offered 115 million euros to buy France’s most best-supported club, but the deal appears to have foundered.
“The chances that the deal will take place are infinitesimal,” Marseille chairman Pape Diouf said in a statement.
“For that to happen, the buyer would have to give every guarantee that he can help the club in the future and he would have to do that in the next few hours.”
Louis-Dreyfus now has the option of trying to find a new buyer or opting to stay on.
“We can trust the main shareholder, who has always been determined to defend the interests of the club,” Diouf said.
“Whatever happens in the near or remote future will be in the club’s best interests.”
Louis-Dreyfus broke off talks with Kachkar on Thursday after the Canadian asked for a further delay to pay the asking price.
Kachkar, owner of pharmaceutical company Inyx, said he had delivered financial guarantees to Louis-Dreyfus.
A spokesman for Kachkar had said on March 1 a final agreement had been reached with Louis-Dreyfus, who later said the deal would be finalised only once he received the money.
Despite claiming to have provided financial guarantees, French media had questioned the personal wealth of Kachkar and had warned that the sale might not go through.