John Textor’s reaction
“The project that I discovered in Lyon with Jean-Michel Aulas and all his teams will be at the epicenter of our new organization and our investments in the service of world football. Olympique Lyonnais will be the cornerstone of our project. I intend, with the support of Jean-Michel and his teams, to bring out the values of development and self-improvement for which I have always been committed.
I want to give all the fans of Olympique Lyonnais the additional means so that the institution can regain the highest level, in France and in Europe, while respecting the values of OL’s DNA such as youth, work, self-sacrifice and this spirit which allows all the talents of the whole world to have access to the high level thanks to our involvement in the academies. Seen from the United States, OL is the ideal platform to make football a success story.”
The reaction of Jean-Michel Aulas
“With this project, Olympique Lyonnais is opening a new chapter in its formidable history. For 35 years, my desire has always been to make Olympique Lyonnais a unique model in football, combining sporting and economic success. Our professional teams football and basketball, OL Reign, our mixed Academy, Groupama Stadium, as well as the construction of the new LDLC Arena within OL Vallée are already strong markers of OL Groupe’s ambitions.
The sudden departure of Pathé and IDG nevertheless allowed the arrival of John Textor, capable of accompanying and supporting these same ambitions. This new shareholder will be an accelerator for our current and future projects. I am proud and happy to continue, with the support of John Textor, to write the future of Olympique Lyonnais.”
The four things to remember from the OL press release:
>> OL Groupe has entered into “exclusive negotiations” with the holding company of American John Textor
>> John Textor will become the majority shareholder of the club, since Eagle Football will first hold 66.56% of the share capital of OL Groupe, then potentially 88.55% after reimbursement of the OSRANE (subordinated bonds redeemable in new or existing shares )
>> The mandate of CEO of JeanMichal Aulas will be renewed for “at least three years”
>> OL Groupe will benefit from a capital increase of 86 million euros, subject to validation by an extraordinary general meeting
OL announce “exclusive negotiations” with John Textor’s Eagle Football Holdings
The press release from OL Groupe:
“Holnest, Pathe and IDG Capital announce that they have entered into exclusive negotiations with Eagle Football Holdings, LLC, with a view to the acquisition by the latter of a majority stake in OL Groupe, followed by a simplified mandatory tender offer. “
“This operation would lead to a complete sale of the stake of Pathé and IDG and to a progressive liquidity of Holnest, the family holding company of Jean-Michel Aulas. (…) Eagle Football Holdings would become the majority shareholder of OL Groupe .”
“The continuation of OL Groupe’s strategy, under the leadership of Jean-Michel Aulas, whose mandate as CEO would be renewed for at least 3 years, and with the support of the entire current management team and the Executive Committee of the Company, which would remain unchanged. Jean-Michel Aulas would also join the management of Eagle Football to support its development and that of all the clubs in which Eagle Football holds a stake.”
OL: how Aulas will stay in power despite the arrival of Textor
Quite a rarity in the world of football, Jean-Michel Aulas will remain in power at OL despite the arrival of John Textor as the club’s new majority shareholder. A situation explained by Jean-Pascal Gayant, sports economist, with RMC Sport.
>> An analysis to discover here
RMC SPORT INFO: the club’s board of directors validates the arrival of Textor as a shareholder
This time, it’s done. As expected, the OL board of directors, meeting this Monday afternoon, has just validated the arrival of John Textor as a shareholder. The Rhone club must communicate in the evening, probably giving precise figures. A press conference will also take place on Tuesday.
Botafogo, Molenbeek… the methods and results of John Textor
The American businessman, who already owns Botafogo and RWD Molenbeek, is working hard on his network to achieve his goals.
>> The portrait of John Textor
A board meeting scheduled for Monday afternoon
A board of directors is scheduled for Monday afternoon when it had been put on the agenda for tomorrow, proof that everything will accelerate in the hours to come.
OL have chosen John Textor to buy the shares on sale, a large transfer window budget this summer
RMC Sport is able to confirm the information from Bloomberg that John Textor will take over the shares of Pathé and IDG put on the market last March.
>> All info