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Marseille to remain at Stade Velodrome after agreeing on a new 3-year deal

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MARSEILLE, France - Marseille will stay at the newly renovated Stade Velodrome after agreeing on a new three-year deal, ending weeks of conflict.

On Thursday, club owner Margarita Louis-Dreyfus and city mayor Jean-Claude Gaudin announced they signed a provisional agreement which will be ratified at a council meeting in October.

Louis-Dreyfus says, "It's a strong gesture that I have done for the supporters and all the people of Marseille."

Marseille will pay 7.4 million euros ($9.9 million) a year in rent. It was paying 50,000 euros annually in recent years, while work was being carried out.

The parties have been battling over the price, and last week Marseille threatened to play its first home game of the season, against Montpellier on Aug 17, at its opponent's ground.

The Velodrome has been home to Marseille since 1937.

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