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Published on January 6, 2025 at 7:20 p.m. par
George Boxall
John Textor could be about to release more funds to help pay OL's debts.
This is an operation that could make things easier for Lyon financially during the next season. As a reminder, Lyon needs to raise capital to pay up to 505.1 million euros in debt. Sales are already planned, as for midfielder Nemanja Matic who interests suitors throughout Europe.
But another financial transaction concerning Textor's shares in the Premier League club Crystal Palace could have an impact on the course of events.
According to a report from The Athletica group of American and Saudi individuals entered into an exclusivity agreement with OL owner John Textor, to purchase his 46% stake in Crystal Palace.
The group, including people such as Jason Kidd (the head coach of the Dallas Mavericks basketball team) and former Roc Nation attorney Wajid Mir, pushed through a revised offer for Textor's minority stake .
The offer is said to have been increased from the initial offer of £148.8 million and, as written The Athleticif the American-Saudi group meets the conditions of its exclusivity agreement, it will then be subject to approval by the Premier League.
The outlet further highlights that a race is currently underway with Sportsbank keen to invest in the Premier League team. The objective is not to buy back Textor's shares, but to help the American businessman in the longer term to finance the total takeover of the club.
The Sportsbank offer represents Textor's preference, but it will likely come down to which of the two can demonstrate proof of funding first.
