Legal summary document shows Lyon’s new ownership structure

L’Équipe found a legal summary document which has revealed the new ownership structure of Olympique Lyonnais following John Textor’s completed acquisition of the club. 

To start with, all investors put their funds into Eagle Football, the company set up by John Textor which is the entity that officially owns the club. The document shows that the businessman contributed cash and football assets to Eagle for a total of $310m (€292m). This includes his shares in Crystal Palace (40%) as well as the integration of Botafogo (Brazil) and Molenbeek (Belgium) into the Eagle family. 

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L’Équipe then, according to the evidence consulted, traced the investments into Eagle. It found that American fund Ares Management lent exactly $405 million (about €382 million). $275 million (€259.2 million) is long-term debt, with no requirement for periodic interest payments for eight years. The remaining $130 million (€122.5 million) is being released as a bridge loan, subject to replacement in the short to medium term by other sources of income. Iconic sports invested $75 million – and whose owner James Dinan will be on the board of OL – as well as Elmwood Partners investing $25 million. 

Thus the ownership setup of Eagle Football is the following : 75% for John Textor, 19% for Iconic Sports, and 6% for Elmwood Partners.