Ligue 1 Conforama: €42.4m loss for Olympique de Marseille in 2016-17

Olympique de Marseille (Ligue 1 Conforama) posted a negative net profit of €42.4m during the 2016-17 fiscal year. The club posted a loss of €1.186m in 2015-16.

Olympique de Marseille's operating profit amounted to €108.5m in 2016-17, compared to €110m in 2015-16, plus €17.5m (€64.7m in 2015-16) from player transfers, for a total income of €126m compared to €174.7m in 2015-16.

During the fiscal year, SASP Olympique de Marseille was bought, via the holding company Eric Soccer (95% owned by SASP), by American businessman Frank McCourt on 17/10/2016.

• Olympique de Marseille finished fifth in the 2016-17 Ligue 1 Conforama season with 62 points.
  • Olympique de Marseille did not participate in any European competitions in 2016-17.

Financial fair play: "We must invest, we have shown that and we will continue to do so" (JH Eyraud, Olympique de Marseille)

• "With regard to financial fair play, we are the ones who made the move to UEFA Union of European Football Associations . It was a proactive…