Owner of OM since the end of 2016, Frank McCourt is officially no longer chairman of the club’s supervisory board. The information was confirmed on Thursday. The American businessman (69) has given way since early September to Barry Cohen, one of his closest collaborators and advisers, in the new organization chart.
“A logic of coherence and simplification”
According to an OM leader, this change “is absolutely not a mark of lack of interest from Frank McCourt towards the club” and was done “in a logic of coherence and simplification”. This is “a technical and administrative decision”. Barry Cohen was like this already “widely in operation” and was already responsible in particular for the validation of OM’s accounts.
The move also comes at a time when McCourt is dedicating a lot of his time to “Project Liberty,” an initiative he started that aims to transform the web. Jeff Ingram, another close associate of Frank McCourt, has also joined the supervisory board. He was previously a member of the club’s management board, a position in which he was replaced by Pedro Iriondo, director of the club’s strategy and close adviser to president Pablo Longoria.