The Limited Times

Now you can see non-English news...

The sale of Olympique Lyonnais to John Textor (finally) formalized

2022-12-19T17:41:00.820Z


The American holding company Eagle Football Holding, managed by multimillionaire John Textor, became the majority shareholder of OL Groupe on Monday.


The end of a long, very long soap opera.

This Monday, in a press release, Olympique Lyonnais made official what many of the club's supporters had been waiting for a long time: the sale to the American holding company Eagle Football Holding, managed by the multimillionaire John Textor.

The latter became the majority shareholder of OL Groupe, which includes the Olympique Lyonnais football club, on Monday.

“A new story begins today,” says the American investor, quoted in this press release published after the closing of the Paris stock exchange, after six months of negotiations punctuated by several postponements.

“Today represents a new beginning for Olympique Lyonnais (….), we are proud to reach this exceptional agreement”, continues Textor.

Jean-Michel Aulas remains at the helm

As agreed, Jean Michel Aulas, 73 and boss of the club since 1987, “will keep the operational presidency of Olympique Lyonnais for at least three years and will remain surrounded by his team”, he specifies.

This agreement "will be a landmark in the history of the development of European football, but also internationally thanks to the grouping together within the same structure, Eagle Football, of our interests in football clubs rich in their culture and their experience acquired over the decades: Olympique Lyonnais, Crystal Palace, Botafogo and RWD Molenbeek", continues the American investor.



Eagle Groupe has notably planned to subscribe to a capital increase of 86 million euros which should allow OL Groupe to repay loans in an accelerated manner and to strengthen the team in order to try to find the European elite.

Sport

Ligue 1: OL grants John Textor a "final deadline" until Wednesday for the takeover of the club

Sport

Ligue 1: The takeover of OL still postponed, the last before the good?

  • Sport

  • Olympique Lyonnais (OL)

  • League 1

  • Soccer

  • Jean Michel Aulas

  • Sale

Source: 20minf

All news articles on 2022-12-19

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.