• Loading stock data...
Saturday, June 22, 2024

Textor Closer to Lyon Takeover, Valuing French Club at $842M

  • The pending deal will be through Textor’s investment vehicle, Eagle Football Holdings.
  • A finalized pact would value Lyon at roughly $842 million.
Olympique Lyon striker Alexandre Lacazette skips past Arsenal defender
Olympique Lyonnais

An American investor is one step closer to a takeover deal for a top French soccer club. 

Former FuboTV executive John Textor has given Ligue 1’s Olympique Lyonnais assurance that he will complete a deal for the club after being given a Dec. 7 deadline to reach a final agreement.

Olympique Lyonnais players walk out of tunnel before league game

Lyon Give U.S. Investor Deadline for $799M Deal

An American investor has been given a deadline to purchase Olympique Lyonnais.
December 5, 2022
  • The pending deal will be through Textor’s investment vehicle, Eagle Football Holdings.
  • EFH will pay $344.2 million for 39.2 million shares and 789,824 subordinated bonds.
  • The company will submit a tender offer for Lyon’s remaining shares.
  • A finalized deal would value Lyon at roughly $842 million

Textor and Lyon were expected to complete a deal earlier this year but hit a series of snags. 

In September, the deal was delayed over financing, and a month later it was postponed again as the two parties failed to reach a deal despite “substantial progress” in initial negotiations.

Dedicated to Soccer 

A deal for Lyon would add to a growing portfolio of soccer-related investments for Textor. 

He is the majority owner of Brazilian club Botafogo and Belgium’s RWD Molenbeek, as well as the co-owner of the Premier League’s Crystal Palace. The club’s investors had attempted to block Textor’s deal for Lyon as they questioned personnel changes to EFH’s ownership group.

A completed acquisition of Lyon would give Textor’s soccer holdings a roughly $1 billion value.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Everton FC owner Farhad Moshiri stands on the pitch at Goodison Park Stadium.

Another U.S. Takeover? Houston-Based Group in Talks With Everton

The English soccer club continues to look for a new owner.

Clark vs. Reese: Priciest WNBA Game Set for Record-Breaking Viewership

Ticket pricing has already set a league record, while viewership expectations are lofty.

MLB’s Rickwood Game Plans Change Significantly After Passing of Mays

The special-event game at the historic Negro League park follows the death of the iconic Willie Mays.
podcast thumbnail mobile
Front Office Sports Today

How Women’s Sports Media is Charting Its Own Path

0:00

Featured Today

Jan 3, 2022; Pittsburgh, Pennsylvania, USA; General view of the NFL shield logo signage before the Pittsburgh Steelers host the Cleveland Browns at Heinz Field.

Odds Stacked Against NFL in Multibillion-Dollar Sunday Ticket Trial

Why the class action trial does not look promising for the league.
Jan 7, 2024; San Francisco, California, USA; Toronto Raptors forward Jontay Porter (11) takes a three-point shot against the Golden State Warriors during the second half at Chase Center.
June 9, 2024

‘Bound to Happen’: The Age of the Sports Betting Scandal Has Arrived

A banishment, betting scheme, and guilty plea all in one scandal-filled span.
June 8, 2024

‘Experimental in Nature’: The Rapid, Confounding Rise of Streaming Bundles

Here’s why confusion continues to outweigh solutions in the streaming package boom.
June 2, 2024

The Nostalgia Market: Michael Jordan’s Memorabilia Remains Coveted, With Caveats

Due to scarcity, and sometimes, items’ undisclosed whereabouts, this world has limitations.

The ‘Big’ in Big 12 Could Soon Be Replaced With a Sponsor’s Name

Allstate is said to be in discussions about a deal with the Big 12.
June 12, 2024

Saudi Arabia’s Next Big Sports Target: Boxing, With Joint Venture Worth $5B

The Public Investment Fund of Saudi Arabia is focusing on boxing as its next large-scale sports target.
June 13, 2024

Everything You Need to Know About the Schism Rocking Competitive Eating

The business story about hot dogs that you never knew you needed.
Sponsored

How HOKA is Reimagining the NIL Relationship

HOKA, the renowned athletic footwear and apparel brand, is betting on a new reality with NIL.
June 11, 2024

Breakthrough? Tiger Says PGA Tour and LIV Golf Are Eyeing ‘End Game’

Woods called a recent meeting ‘productive.’
June 10, 2024

Salt Lake City’s $4B Olympics Price Tag Could Be a Bargain: Here’s Why

Utah is the preferred bidder for the 2034 Games.
June 7, 2024

New Era’s Acquisition of ’47 Set to Reshape Sports Apparel Market

New Era is set to acquire ’47 in a deal creating a combined operation with $2 billion in annual revenue.
June 5, 2024

One Year After ‘Merger,’ the PGA Tour and LIV Golf Still Remain Far Apart

Leaders of the tours struck an agreement exactly one year ago.