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Olympique de Marseille signs new lease for Stade Vélodrome as venue nears end of refurb

Top tier French soccer club Olympique de Marseille (OM) will continue to play in Stade Vélodrome following the signing of a new lease agreement with city authorities.

The deal was announced by the Club’s owner, Margarita Louis-Dreyfus, and President, Vincent Labrune, together with the Mayor of Marseille, Jean-Claude Gaudin, at a press conference.

The three-year deal will see the Club pay the city a fixed fee of €3m for the upcoming season, and then €4m for each of the following two seasons. The agreement also means that if ticket sales exceed €20m in any given season, the Club will pay the city 20% of any excess.

Labrune said during the press conference:

This agreement is more than acceptable for both parties. This agreement, with a fixed sum and a variable sum, is a win-win. If our ticket sales grow, we will share a part of the profits with the city. If ticket sales do not grow, it doesn’t mean we will be dragging a ball and chain. It just makes sense. It’s how to run a company.

The Club has played at Stade Vélodrome since it opened in 1937. The stadium is currently nearing the end of a major refurbishment, which has seen the installation of a roof and an increase in capacity from 60,000 to 67,000, ahead of France’s hosting of UEFA’s EURO 2016 tournament.