Boudjellal sells majority share in Toulon but remains club president

Mourad Boudjellal (Getty Images)
Mourad Boudjellal (Getty Images)

Toulon - Toulon's Mourad Boudjellal has sold his controlling share in the French Top 14 club but, under the terms of the deal revealed on Monday, remains the club president.

The 80-year-old pharmaceuticals magnate Bernard Lemaitre, who already held a 44 percent stake in Toulon, is now the majority shareholder.

"The Top 14 requires significant financial capital, especially to provide our club with high-level sports infrastructure," explained Boudjellal.

Lemaitre had already financed the construction of Toulon's new training centre which will open next June.

"I am pleased that Bernard Lemaitre's collaboration allows us to compare ourselves to the best clubs in Europe," said Boudjellal, who will stay on as president at least until the 2020 elections for the presidency of the French national league.

Should he win that, Boudjellal would be obliged to step away from Toulon.

His 12-year tenure at the 111-year-old club has brought unprecedented success with three European Cups and France's Top 14 title in 2014.

Since taking over sole control in 2007, Boudjellal has bought a series of world class players such as Ma'a Nonu, Sonny Bill Williams, Jonny Wilkinson and Bryan Habana.

His latest headline capture was South African World Cup winner Eben Etzebeth.

Toulon are currently sixth in the Top 14 after a 19-9 win at Pau at the weekend.

loading... Live
England 0
Pakistan 62/1 (23.3 ov)
Voting Booth
What is your favourite sport to watch on TV?
Please select an option Oops! Something went wrong, please try again later.
Results
Rugby
44% - 5897 votes
Cricket
11% - 1464 votes
Football
19% - 2511 votes
Athletics
2% - 307 votes
Boxing
1% - 123 votes
Cycling
2% - 304 votes
Golf
5% - 657 votes
Motorsport
8% - 1091 votes
Tennis
3% - 418 votes
Water sports
1% - 120 votes
American sports
1% - 129 votes
MMA / WWE / UFC
3% - 384 votes
Vote