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Published on Nov 22, 2024 at 1:16 p.m. par
Abdel Maarous
Faced with financial challenges, Eagle Football Holdings is launching a fundraising of €96 million and preparing the IPO.
Eagle Football Holdingsmajority owner of theOlympique Lyonnaishas made a major decision to respond to current financial challenges. This Friday, the company announced the launch of a financing round of 96 million eurosincluding an upcoming IPO. This initiative aims to stabilize the group's finances and guarantee the sporting and economic future of the club.
A first lever: 38.5 million euros raised by UCEA Capital Partners
UCEA Capital Partners, a Portuguese company associated with Eagle Football Holdings, has already started fundraising of 38.5 million euros. This first step marks an important step in the overall financing plan. The objective is to raise a total of 200 million euros.
These funds will not only strengthen the group's finances. They are also preparing the listing of Eagle Football Holdings on the New York Stock Exchange. According to forecasts, this introduction could materialize in early 2025.
Pressure has intensified on Olympique Lyonnais since the protective sanction imposed by the DNCG. This conditional demotion is a severe measure which highlights the economic difficulties of the club.
John Textor and the future of OL: a long-term vision
John Textor, main shareholder of Eagle Football Holdings, continues to affirm his commitment to Olympique Lyonnais. Despite the current challenges, he remains convinced that these measures will make it possible to sustainably restore the club's finances.
The IPO represents a unique opportunity to solidify the group's economic position. It could also strengthen OL's competitiveness on the European market.
As Olympique Lyonnais goes through a period of unprecedented turbulence, this plan represents a glimmer of hope. However, the challenges remain numerous, particularly in a context where sporting performance and financial management are carefully scrutinized.
