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Eagle Football secures funding as Olympique Lyonnais faces Ligue 2 threat
Eagle Football Holdings, facing potential demotion of Olympique Lyonnais to Ligue 2 due to debts, has secured an initial investment of €38.5 million as part of a €100 million financing round ahead of its planned IPO in early 2025. This funding aims to strengthen the balance sheet and support growth, with expectations of raising an additional €500 million during the IPO. However, the financial watchdog has warned OL of sanctions, including a limited wage bill and a ban on winter transfers, if their financial situation does not improve.
actu.fr
Euro United States Dollar Botafogo Olympique Lyonnais SAS USA John Textor
Finance & Economy, News Article
17:37 22.11.2024
John Textor assures fans of OL's financial stability and player retention
John Textor, the owner of OL, expressed confidence in the club's financial health, stating that significant cash inflows are expected soon. Despite concerns raised by auditors regarding the financial accounts, he reassured fans that the club will retain its best players while aiming for Champions League qualification. Textor emphasized the club's annual revenue from player sales and dismissed worries about the future.
@Le_Progres
Euro Botofogo Molenbeek Eagle Football Holdings BRA BEL Jean-Michel Aulas John Textor Show more
Finance & Economy, News Article
17:27 15.11.2024
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