The National Management Control Department (DNCG) provided an update after the latest outing of OL president John Textor, following the sanctions pronounced by the body against the Rhone club.
The DNCG hits hard, John Textor promises to save OL
With a debt of 500 million euros, Olympique Lyonnais has not escaped the anger of the National Management Control Department. Indeed, after recently hearing the leaders of Lyon, the financial policeman of French football sanctioned the Cité des Gaules club. Thus, the DNCG imposed on the resident of Groupama Stadium the supervision of his payroll and a ban on recruitment.
Worse, the body also pronounced the “demotion as a precautionary measure at the end of the current sporting season. » This latest measure means that OL could be relegated to Ligue 2 if the club's financial difficulties persist. A decision which contrasts sharply with the reassuring declarations of John Textor, the Lyon president, at the end of the interview with the DNCG.
“We will not be relegated. Our shareholders have funds. Nobody will allow the club to be relegated. We are very optimistic… There is no chance of seeing us fail, at all levels (sale of players, stock market, sale of Crystal Palace…) At the end of the season, we will have saved more than €50M on the payroll. The auditor and the DNCG did not want to take into account the sale of Crystal Palace and the IPO.
However, four well-known investment banks have already come forward for the IPO Raise. We will have American contributors, but also from all over the world. Four potential buyers are counted with well-known companies, billionaires from around the world and leaders of large technology companies.
They won't buy the amount I wanted. But it’s a lot more money than necessary for what OL needs,” reassured John Textor as he left the DNCG premises, who did not seem moved by the American businessman’s comments. .
Jean-Marc Mickeler hears action from OL
Faced with the numerous promises displayed by John Textor during his hearing at the DNCG, the president of the financial policeman wanted to refresh the lantern of the boss of Olympique Lyonnais. During an interview given to the daily L'Équipe this Saturday, Jean-Marc Mickeler recalled that “the role of the DNCG is to be skeptical of any operation that has not yet been carried out . »
Continuing, the French leader also added that his body “only wants one thing, and that is for John Textor to carry out these important operations and for us to be in a position not to confirm this demotion at the next hearing. »
Jean-Marc Mickeler also revealed that the DNCG has been talking with the president of OL “for many months. These operations were postponed and were not pre-financed in risk as we request for other clubs. The DNCG requires bank guarantees or cash to cover part of these risks. » The boss of the football financial policeman finished by reminding John Textor that there will be no exceptional decision for OL.
“Other clubs do it, there is no exceptional decision for OL. We asked him, like others, to pre-finance what we consider to be risks of budgetary non-execution. We presented to him how the DNCG worked and his requests when he bought the club. This demotion as a precautionary measure is a warning, nothing more, nothing less,” warned Jean-Marc Mickeler.
