The boss Emmanuelle Malecaze-Doublet resigns | EUROtoday

On May 13, 2025

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EMmanuelle Malecaze-Doublet, Director General of the PMU, throws within the towel. At the guts of an inside storm for a number of months, as we now have reported, she determined to depart the Paris Horse -style society in September. The announcement, made public by Gallop dayfalls like a cleaver, with out stunning: the strain had turn into palpable, nearly electrical, on the flooring of the Horse -style Paris Society.

This 37 -year -old Toulousaine, has been in workplace since 2022. She had been recruited 4 years earlier as monetary director. The results of the McKinsey cupboard, she described herself to the Point as “uninhibited, with great confidence in [elle]cash, without ego, competitor, learning quickly ”. Qualities which had earned him to be dubbed by the shareholders of the PMU, including the State and the two formidable mother companies – the company of the French trot and France Galop – which make the rain and the good weather of the pillar of horse racing.

This resignation of Emmanuelle Malecaze-Doublet occurs a few weeks after an explosive general meeting where the 2024 budget presented by management was rejected by the shareholders. An unprecedented situation. The figures speak for themselves: issues down 4 %, a financial contribution below expectations, 837 million euros instead of the 851 promised. The latter given is of vital importance for the entire sector. The profits of the PMU are indeed redistributed to breeders, owners, coaches, and other actors in the sector … via the French Trotteur Society and France Galop.

However, it was not only this poor performance that had motivated the rejection of the 2024 budget. Opposed to its approval unlike France Galop, the company of the French trotter denounced a presentation deemed unsatisfactory, although validated by the auditors and the PMU board of directors. According to its representatives, the 2024 budget did not faithfully reflect the operational reality of the company.

According to our information, confidential discussions had however taken place the day before the voting between the president of the PMU, Richard Viel, his director general, Emmanuelle Malecaze-Doublet, and the manager of the Trot, Jean-Pierre Barjon, in order to appease the tensions. These exchanges, which took place at the latter’s home, did not, however, led to a compromise. A bamboo stroke for the Viel-Malecaze-Doublet duo.

The state asks the finance inspection to investigate the PMU

The context is particularly tense between the different actors in the horse racing community for months. The other parent company, France Galop, although sharing the observation of its trotting colleagues, plays a more cozy, less offensive score. A kind of game: the good cop (France Galop) and the bad cop (the French Trot Society)…

In the greatest secrecy, the two structures had met a head hunter to reshape the high spheres of the PMU, but France Galop had finally preferred to be changed, betting on the voluntary departure of the DG, a connoisseur told us. And the state in all of this? He asked the finance inspection to investigate the functioning of the PMU and its funny governance.

The PMU has been in breath for almost fifteen years. While La Française des Jeux has seen its volume of issues collected win 10 billion since 2011, that of the pillar of horse racing betting has stagnated. A rout that is partly explained by a lack of investments in online sports betting.

A board of directors scheduled for June

To uncover

The kangaroo of the day

Answer

The future? The yr 2025 guarantees to be robust, much more than anticipated. Thus, in keeping with our data, the forecast of the anticipated consequence needs to be readjusted as much as 35 million euros.

From the final meeting the place the administration of the PMU has been positioned within the minority, no board of administrators has been summoned. The subsequent one needs to be held in June. In the meantime, the shareholders, whose state, should begin fascinated about the after-malecaze-Doublet. And agree with one another. A sacred guess.

https://www.lepoint.fr/economie/coup-de-theatre-au-pmu-la-patronne-emmanuelle-malecaze-doublet-demissionne-13-05-2025-2589545_28.php