OL : John Weaver and Crystal Palace, that’s the end

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In the pipeline for several days, the sale of the shares held by John Textor in Crystal Palace is no longer in doubt.

In an official press release, the Sportsbank investment fund announces that it has “having entered into an agreement with Eagle Football Holdings Limited for an investment in Eagle which will include a period of exclusivity”. Excellent news for the boss of Olympique Lyonnais since according to information from The Teamthis commitment concerns a colossal investment of 240 million euros which will therefore enter Eagle’s coffers. Hugo Guillemet also specifies that Eagle has received a letter of intent to purchase from a Saudi group for the purchase of its 45% of Crystal Palace. But in the event that Sportsbank does indeed take a stake in Eagle, which now has a strong chance of happening, it is ultimately Sportsbank which should acquire the shares in Crystal Palace which currently belong to John Textor.

Basically, to popularize:
– either Sportsbanks enters the capital of Eagle during the IPO, bringing €240M, and Palace’s shares are retained;
– either Eagle sells its shares in Palace to the Saudi group and Sportsbank probably does not take a stake (because Sportsbank is eyeing Palace)

— hugo (@hugoguillemet)