A friend of John Textor takes out her wallet, OL is saved

A friend of John Textor takes out her wallet, OL is saved
A friend of John Textor takes out her wallet, OL is saved

In poor sporting form, OL is especially in danger on an economic level with big threats from the authorities. John Textor can count on his supporters to bring in the money.

Olympique Lyonnais, facing demotion to Ligue 2 for financial reasons, is working hard to show its credentials at the end of the season. This involves sales in the transfer window, and 62 million euros have already been collected thanks to Orban, Caqueret, Luiz Henrique and Jeffinho while the payroll has also been reduced with the departure of Zaha to the United States. Eagle communicated on Friday evening about a cash inflow of 145 million euros, in order to convince the DNCG that OL had the income and cash flow to sustain it over the coming years. But on the accounts of the previous season, it is a colossal sum of 175 million euros that will have to be brought in to avoid fueling the deficit, L'Equipe recently revealed.

Michèle Kang, a welcome billionaire

To increase these cash inflows, according to Le Progrès there is talk of a liquidity contribution from the members of the board of directors, including John Textor, for an amount of 83 million euros all the same. It remains to be seen whether this is linked to the possible IPO of the Eagle holding company, the sale of shares in Crystal Palace or a cash contribution without external proof. Added to this is another arrival of new money, with 21.3 million euros paid by Michèle Kang. This American businesswoman is very close to John Textor, and has already followed him on a few projects, and she obviously recently bought the structure of the women's OL from her compatriot. Now, she has just paid more than 20 ME to afford the lease of the academy in , to theoretically build the famous stadium for the women's team, even if there is no guarantee that she will have the opportunity to do so. authorisation. Otherwise, it will be a full women's pole. In any case, Michèle Kang, who made her fortune in medical technology, did not hesitate to put her hand in her pocket and will bring a welcome new financial windfall to OL at a time when the Rhone club is trying to multiply your revenue.



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