Eager to launch a recapitalization plan last October to allow the IPO of his Eagle Football holding company, John Textor took a new step for 2025.
John Textor is doing a balancing act to keep all the clubs he holds from sinking. While the dizzying figure of 500 million euros in debt is attributed to his group, the American businessman is currently working on the IPO of his Eagle Football holding company which owns 90% of the Rhone club. In a press release published Thursday evening, November 21, Eagle Football claims to have found a first partner which will allow it to recover 40 million euros. Before the sequel?
John Textor found 40 million euros
During his last press conference in front of journalists who came to talk about Olympique Lyonnais, John Textor briefly explained that things would move forward to allow its entry into the New York Stock Exchange. To be listed on Wall Street, however, it must raise an initial sum of money via a pre-IPO (initial public offering) financing round, to the tune of 100 million euros. For now, UCEA Capital Partners, a Portuguese investment company, has already offered 40 million euros, indicates Eagle Football Holding in its latest press release. “ Eagle Football has reached an exciting inflection point, and this financing brings us closer to our IPO ambitions », rejoices John Textor.
Before the DNCG, the owner of Olympique Lyonnais had precisely mentioned this first payment. Not enough to reassure the financial policeman of French football who had nevertheless notified a demotion to Ligue 2 as a precautionary measure. However, for Eagle Football's IPO in the first quarter of 2025, this is a necessary and crucial first step to take. Indeed, the aim of the IPO is to be placed on the market, but also to raise funds which could be several hundred million euros. Enough to reduce the overall debt by more than 50%.
