Sports
Laurent Nicollin 'to sell' Montpellier shares after relegation
"If I have to let go of the helm, I will," Montpellier president Laurent Nicollin told Midi Libre, adding that he intends to sell shares in the coming weeks.
"We have already had four or five approaches from potential investors via the bank, Cassa Cassiopea, which is handling the process," he said. "I think by mid-May we should see more clearly and have concrete offers."
The Nicollin family has run the club for more than half a century—Louis from 1974 until his death in 2017, followed by Laurent. Montpellier, who won the Ligue 1 title in 2012, were relegated last season after 16 straight top-flight campaigns.
Nicollin described the previous campaign as "a difficult season on a human level."
He did not rule out multi-club ownership, citing BlueCo's model at Strasbourg. "When you see the stadium, the presidential stand, the lounges, what we wanted to do, it hits you in the face. I almost cried."
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