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Published on Dec 14, 2024 at 3:59 p.m. par
Abdel Maarous
Faced with the threat of judicial demotion, Olympique Lyonnais and John Textor negotiate crucial financial support.
L’Olympique Lyonnais is going through one of the most critical periods in its recent history. John Textorowner of the club and its Eagle Football Holdings group, is trying to avoid a legal disaster. The threat of a demotion as a precautionary measure looms. The club's finances must quickly be cleaned up to meet the requirements of the DNCG.
SportsBank: a key player in the negotiations
According to Bloomberga glimmer of hope could come from Sports Bankan investment company specializing in sports assets. This fund would consider injecting cash into Eagle Football Holdings, the group led by John Textor and owner of Olympique Lyonnais.
This financial aid could prove crucial for OL, which is struggling to balance its books. SportsBank was already interested in acquiring Textor's shares in Crystal Palace.
An urgent need for funds to convince the DNCG
The challenge for John Textor lies in their ability to prove to the DNCG that lasting solutions are in place. With the potential contribution of SportsBank, the club's finances could receive a breath of fresh air. This would be necessary to avoid looming disciplinary sanctions.
However, negotiations between Eagle Football Holdings and SportsBank remain uncertain. Nothing is guaranteed at this time, but both parties are actively continuing discussions to reach an agreement.
A troubled financial history
OL's financial difficulties are not new. Since the takeover of the club by John Textor, debts and uncontrolled expenses have highlighted the weaknesses of its economic model. The lack of convincing sporting results has worsened the situation, depriving the club of crucial income from European competitions.
With a demotion which would represent a humiliation for a club of the stature of Lyon, the pressure on Textor and its partners is reaching its peak.
