La Liga

John Textor should not buy OL!

This Thursday morning, Olympique Lyonnais issued a press release to provide an update on the sale of the club to John Textor. And the Gones were confident. “OL Groupe recalls that the company Eagle Football Holdings LLC1, controlled by Mr. John Textor, has undertaken with its main historical shareholders (Pathé, IDG Capital and Holnest, hereinafter the “Sellers”) to acquire 39,201,514 OL Groupe shares at a price of €3 per share and 789,824 OL Groupe OSRANEs at a price of €265.57 per OSRANE. The acquisition contract is firm and unconditional; in particular, it does not include conditions relating to the financing of the operation or third-party agreements. Eagle Football has also undertaken to subscribe, subject to the completion of these acquisitions, to a reserved capital increase of OL Groupe for a total amount of €86 million (the transactions described above being hereinafter together referred to as the “Operation”). This capital increase was approved by the general meeting of July 29, 2022. With regard to the debt of the Olympique Lyonnais group, it is recalled that all of the lenders of the Olympique Lyonnais group have given their consent to the Operation ( “waivers”)2, with effect on closing. In the press release of December 4, it was announced that the Sellers and OL Groupe had granted Eagle Football a final additional period of time to obtain the agreements allowing it to finalize the operations to which it has committed.

But this afternoon Canal+ and Infosport+ reveal that Olympique Lyonnais will not be sold to John Textor. More items are expected on the encrypted channel. For its part, the club chaired by Jean-Michel Aulas has not yet reacted officially to confirm or deny. What is certain is that it would be quite a blow for Lyon, which has had to postpone the takeover of the club by the American businessman several times in recent months.

Daraja Kapoor

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