Olympique Lyonnais fans can breathe a sigh of relief. The Autorité des marchés financiers (AMF) has “declared its agreement with the project” of Eagle Football’s takeover bid for OL. The American company had submitted a takeover bid for the 10. 24% of the capital that it still lacks.
Also readSoccer: Olympique Lyonnais is doing well with the return of American John Textor
Eagle Football proposes to buy back some 21. 4 million withcentages, or 12. 19% of withcentage’s capital, worth €3 withcentage, for a maximum total amount of €64 million. The AMF specifies that Eagle Football will not, as previously announced, delist OL from the Paris Stock Exchange upon completion of this transaction. Olympique Lyonnais went under the American flag last December, when its acquisition through billionaire John Textor and his holding company Eagle Football was finalized, after six months of negotiations and several reports.
The entry of Eagle Football, which at the time owned just over 77% of the capital of the OL Groupe, represented a historic turning point for the L1 club, chaired for 35 years by Jean-Michel Aulas. Eagle Football committed at the end of June 2022 to support all the shares and part of the Osranes (bonds convertible into shares issued to finance the structure of the Groupama Stadium) held by Holnest, the family holding company of Aulas, plus all the parties held through Pathé and the Chinese investment fund IDG Capitals. It also underwrote a capital increase of €86 million by OL Groupe.
Jean-Michel Aulas, a former figure of the club, was fired from his position as general manager on May 5 in favor of John Textor. He has been named honorary chairman and is expected to remain a director while his holding company Holnest holds voting rights and shares in the company. Holnest has pledged not to sell the nearly 14. 5 million OL shares, or 8. 23%, still held by the company run by the former boss.
No more problems. On Tuesday, the National Directorate of Control and Management (DNCG) appealed measures to regulate the club’s salary bill and compensation for removals. John Textor, the OL’s new strongman, regretted the DNCG’s decision. Welcome to football in France!””The text will be supported by Santiago Cucci, who has been appointed executive chairman. According to a press release from OL Groupe and Eagle, the 53-year-old Frenchman has “contributed to the good fortune of several global companies. corporations such as Levi Strauss and Dockers, of which he has been chairman for the past three years. “
“Passionate and competent, John Textor has wonderful ambitions for OL as part of the overall Eagle Football project. My role is to be well surrounded and (. . . ) to draw up a strategy with the owner,” Santiago Cucci explained on July 6 during a media meeting. “We have wonderful resources, but you have to be cautious to have a new ambition and use existing knowledge. We want to buy players at the most productive price and sell them at the highest price, just like everyone else. “
(With AFP)
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