Sale of “Lyon”: “Olympic Lyon” goes to purchase American businessman John Textor

Getty Photos

American businessman John Textor goes to purchase a major stake in French soccer large Olympique Lyonnais. The present proprietor, Jean-Michel Olas, is anticipated to stay within the Ligue 1 giants and stay at Groupama Stadium. CBS Sports activities understands that the negotiations are within the remaining phases, however not but accomplished.

Textor additionally owns about 40% of Crystal Palace, a majority stake in Brazilian large Botafogo and a part of the Belgian top-level group RWD Molenbeek. The acquisition of Lyon won’t have an effect on the possession standing of those golf equipment, though the previous CEO of fuboTV hopes that the quartet of golf equipment will profit from the widespread expertise.

“My soccer plan is to create an ecosystem of high-level cooperative golf equipment that can profit from sharing a worldwide expertise path,” Textor instructed CBS Sports activities. “As I proceed to be involved that the aggressive dominance of nationwide groups and different rich golf equipment is damaging the broader soccer panorama of community-oriented golf equipment, I merely hope to show that various approaches to competitiveness should be explored and inspired.

“The concept golf equipment and communities can work collectively to assist one another is one thing we should always rejoice.”

Textor added that his aim for Lyon is to return to European competitions subsequent season earlier than establishing himself as a contender for the French championship and continental silver.

Though Lyon struggled within the 2021-22 season, ending eighth within the season and never qualifying for Europe, they had been a historic pressure in French soccer, profitable seven Ligue 1 titles. Their academy has traditionally been one of the crucial profitable in France. France, and lately they’ve developed individuals like Anthony Marsial, Corentin Tolisso and Alexandre Lacazette into the abilities of the best names in European soccer. The latter returned to Lyon this summer time on a free switch.

In the meantime, their ladies’s groups are arguably probably the most profitable in European historical past, profitable eight Champions League titles and 15 championships.

Colleagues Textor, shareholders of Crystal Palace, Josh Harris and David Blitzer, participated within the buy of Chelsea, however missed Todd Boli.

Leave a Comment

A note to our visitors

This website has updated its privacy policy in compliance with changes to European Union data protection law, for all members globally. We’ve also updated our Privacy Policy to give you more information about your rights and responsibilities with respect to your privacy and personal information. Please read this to review the updates about which cookies we use and what information we collect on our site. By continuing to use this site, you are agreeing to our updated privacy policy.