After an interminable wait, OL finally sold!

John Textor was lastly capable of obtain his aim, which the American has been aiming for for a number of months: to be the proprietor of Olympique Lyonnais. The membership formally introduced it on Tuesday.

OL supporters can breathe: John Textor has lastly received his arms on their membership, after months of procrastination. within the Rhone workforce since April 2022, and in unique negotiations with OL since final June, John Textor managed to finalize the sale six months later. First set for September 30, then pushed again as soon as to October 21, then once more to November 17, till a number of modifications in December, the latter appeared by no means to need to come. Some media have even talked about a complete cessation of discussions. What John Textor had denied.

The press launch of the officialization

However this Tuesday, after a number of adventures in current weeks, the sentence lastly fell: “The completion of transactions with Eagle Soccer has now taken place. Eagle Soccer, managed by Mr. John Textor, acquired as we speak from the primary historic shareholders of OL Groupe (Pathé, IDG Capital and Sincere) 39,201,514 OL Groupe shares.” The press launch even confirms a rise in OL’s capital of “86 million euros”, as beforehand introduced. To any extent further, OL is 77.49% owned by Eagle Soccer, which has modified “the composition of the Board of Administrators” of the corporate OL, for “mirror this modification in possession”.

? A brand new story begins as we speak ??

OL Groupe is happy to verify that operations with Eagle Soccer have now taken place

— Olympique Lyonnais (@OL) December 19, 2022

Severe issues start

Whereas the membership as an entire has been disturbed by this uncertainty, which has lasted for a number of months, as revealed by OL coach Laurent Blanc, John Textor has lastly purchased the French membership, which is able to be capable to begin a brand new monetary cycle, and subsequently sports activities. At present, OL are in eighth place in L1, after having dismissed their coach who began the beginning of the season, Peter Bosz.

With new monetary means, which is able to maybe be used this winter on the switch window, OL hopes to regain their splendor on the pitch. In keeping with Laurent Blanc, interviewed a month in the past, there’s “an enormous development website” In Lyon.