American businessman Frank McCourt has taken control of Marseille after the former Los Angeles Dodgers owner completed his purchase of the Ligue 1 outfit.
The deal was finalized Monday, with McCourt taking over from Margarita Louis-Dreyfus, having entered into exclusive discussions in August.
McCourt, who also owns the Los Angeles Marathon, sold the Dodgers for $2.15 billion in 2012, which represents the highest price ever paid for a sports team.
Marseille - the nine-time winner of France's first division with its last title coming back in 2010 - are 12th in the table this season following a 13th-place finish in 2015-16.