Textor could imitate a Laporta mic-mac to save the club

John Textor has embarked on a crazy adventure: he must find 500 million euros, just that! After a painful passage before the National Directorate of Management Control (DNCG), Olympique Lyonnais received sanctions: a control of the payroll, a ban on recruiting, and above all a demotion as a precautionary measure in Ligue 2. To reduce these sanctions, the boss of Les Gones must absolutely reduce the XXL debt by half a billion euros. And obviously, for this, he could well copy a strategy used by Joan Laporta during his return to the head of Barça.

A strategy used by Laporta

As the daily explains the Teamthis is the signature of a “waiver”. To put it simply, the objective of postponing obligations to creditors without ending up in default, but this also results in higher financial costs. Vincent Chaudel, the founder of the Sports Business Observatory, says more in the columns of the newspaper: “It is a mechanism for extending the debt. It is the same practice as what Barça did when ( Joan) Laporta came back There was 1.3 billion euros in debt, and he started by managing the short-term debts, moving them to medium term He extended the repayment, like: I still owe you this. capital, we're going to extend it, I'm going to reduce the annual cost, but in the end I'm going to pay more interest.” The mechanism should allow it to give itself a little time, in the short term, even if the debt will only increase.

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