US investor buys French Ligue 1 club Lyon

US investor buys French Ligue 1 club Lyon

US investor buys French Ligue 1 club Lyon

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Lyon (AFP) – The French aspect introduced in a press launch that it has added new ones to its rising worldwide portfolio, with American funding agency Eagle Soccer Holding taking management of Ligue 1 membership Lyon on Monday.

The holding firm is managed by expertise entrepreneur John Textor, who additionally has stakes in English Premier League’s Crystal Palace, Brazil’s Botafogo and Belgium’s RWD Mollenbeek.

The deal, estimated to be price greater than 800 million euros ($850 million), was accomplished after greater than six months of negotiations. Lyon president Jean-Michel Aulas stated in June that the 2 sides shook arms for a deal.

OL, the holding firm that owns Olympique Lyonnais, made a press release following the closing of the Paris inventory change. He quoted Textor.

“A brand new story begins at this time,” stated the 57-year-old American.

Eagle has acquired a controlling stake in Aulas, which it has owned since 1987, and a minority stake in French leisure firm Pathe and Chinese language funding agency IDG Capitals.

The 73-year-old Aulas “will maintain the operational presidency of Olympique Lyonnais for at the least three years and will probably be surrounded by his workforce,” the assertion stated.

Lyon received seven consecutive Ligue 1 titles between 2001-8, however has struggled to maintain up since Paris Saint-Germain was acquired by Qatari traders in 2006.

Lyon is eighth in Ligue 1 and coach Laurent Blanc, who took over in early October, requested the membership to spend on new gamers after a lackluster preparation draw with Ligue 2 Sochaux on Saturday.

“We’ve got a high quality group however not sufficient competitors. It is as much as me to type it in January or with new gamers,” he stated.

The ladies’s workforce has received the French league in 15 of the final 16 seasons, interrupted solely by PSG in 2021, and received eight European titles throughout that point.

OL Group additionally owns OL Reign within the US Nationwide Ladies’s Soccer League.

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