Lyon’s new U.S. owner seeks to topple PSG – Ghana Latest Football News, Live Scores, Results

American investor John Textor grew to become the principle shareholder of French membership Lyon on Tuesday and instantly focused the dominance of Qatar-funded rival Paris Saint-Germain.

Lyon final gained the French title in 2008 and have struggled to compete as PSG spent lavishly to win Ligue 1 in eight of the previous 10 seasons.

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Textor’s new membership positioned eighth within the season simply ended, 25 factors behind a state-backed PSG workforce with celebrity forwards Lionel Messi, Kylian Mbappe and Neymar.

“I do not like these fashions like PSG,” Textor stated at a information convention in Lyon. “Nice workforce, no matter, nice athletes, all of us love to observe them.

“I feel over the few years we need to go after them. We need to win titles right here. We’re going to present up and we’re going to spend,” he stated.

Participant switch spending was promised in a capital injection of 86 million euros ($90 million) as a part of Lyon’s take care of Textor’s Eagle Soccer Holdings that valued the membership at round €800 million ($840 million). The membership owns their 59,000-seat stadium that hosted the 2019 Girls’s World Cup closing and the ladies’s workforce have been European champions in six of the final seven seasons and gained 15 of the final 16 home titles.

The Lyon males’s workforce have by no means gained the Champions League although was twice a semifinalist, together with a 2020 loss to Bayern Munich who then beat PSG within the closing.

John Textor was unveiled at a information convention alongside Lyon president Jean-Michel Aulas on Tuesday. OLIVIER CHASSIGNOLE/AFP through Getty Photographs)

Lyon joins Brazilian membership Botafogo, Crystal Palace of the English Premier League and Molenbeek in Belgium in Textor’s worldwide soccer portfolio.

Group-driven golf equipment who can share data and establish expertise worldwide was the frequent theme, the know-how entrepreneur stated.

Textor stated Lyon’s funds had been “on a extremely sound footing” and pointed to their revenue-earning potential from experience in sports activities, leisure and know-how.

“We will have as a lot capital at play in our soccer membership because the Emir of Qatar,” he stated.

Textor collectively held the information convention with Lyon president Jean-Michel Aulas who has run the membership for 35 years and plans to remain on for 3 extra.

“We will likely be much more bold with John on our aspect,” stated Aulas, including his new enterprise accomplice “ticks all of the packing containers.”

Each aimed additional jibes on the affect on fashionable European soccer golf equipment of big-spending oligarchs and sovereign funds.

“Soccer is type of damaged by cash,” Textor stated. “I feel the followers over time will see me as any person who actually likes to assist.”

Supply: espn.co.uk