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Eagle Football, led by John Textor, is collaborating with UBS Group for a planned IPO on the New York Stock Exchange, aiming to raise €100 million. Despite a cash inflow at the end of last year, the listing has yet to occur, with a deadline approaching as the company prepares to meet with the French soccer regulator in June. Additional banks may be enlisted to support the IPO effort, which is expected to file within weeks.
Eagle Football Holdings Ltd. is collaborating with UBS Group AG for its upcoming IPO in New York, aiming to file within weeks. Led by John Textor, the company, which owns stakes in several football clubs, plans to raise $500 million from the IPO as part of a $1.1 billion recapitalization strategy to address debt issues, including those of Olympique Lyonnais.
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.
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.
John Textor
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