what Frank McCourt’s resignation means

Olympique de Marseille is a scrutinized club. Obviously in terms of sports results, but also the transfer window. But that’s not all. Indeed, fans, at least some, also like to take a closer look at certain general meeting minutes. With the publication, today, of certain elements, we could observe that Franck McCourt had resigned from his position as Chairman of the Supervisory Board.

Sale in sight, internal change without consequence? Rumors were rife. But it should be clarified what this supervisory board is. ” The Supervisory Board has the exclusive mission of permanent control of the regularity and appropriateness of the management of the company a posteriori, together with a power of co-decision and a priori control in the form of prior authorization of certain planned operations. by law or by statute », Explains the French Institute of Administrators (IFA).

Iriondo joins the management board

It therefore has no executive role to speak of and its members come and go often. This time, the American shareholder of OM, who was its president, decided to leave his post. But he will not stay very far from it since it is a very close person who replaces him in this position: Barry Cohen. The strategic adviser of the McCourt LP group was already a member of the said board.

On the American side, this is explained by internal changes of administrative interest and that a sale of the club, hypothesis submitted as soon as the information was revealed, was still not relevant. Another important thing to note, the enthronement of Pedro Iriondo, the right arm of Pablo Longoria, who takes the place of Jeff Ingram, who goes to the supervisory board. ” On the contrary, with this administrative change, Frank McCourt reinforces his surveillance power by placing his two most faithful lieutenants there. “, we were told.