Sale of OL to John Textor: new postponement for administrative reasons

November 17 has been set as the date for the sale of Olympique Lyonnais to John Textor for several weeks. But according to L’Equipe and AFP, the takeover of the current Ligue 1 eight could be postponed until this weekend for administrative reasons. The reason ? The American billionaire, also Crystal Palace’s majority shareholder, is awaiting an official Premier League document.

From a purely technical point of view, all the elements for closing the file are ready. Everything should be settled this weekend as we expect Premier League approval within a day or two. They were very responsive as it could have taken much longer“, specifies a source close to the daily papers. The announcement of the completion of this operation, worth around 800 million euros, for which exclusive negotiations had started last June, has been postponed twice, on September 30 and then on October 21 .

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But in a press release published on October 24, OL Groupe wanted to be reassuring, recalling “significant progress… in all steps required to complete the transaction“In a few days, Olympique Lyonnais should therefore enter a new era. According to a source close to the club, quoted by AFP, talks are ongoing and we remain optimistic about their outcome.”

The DNCG validated the transaction

The American businessman has already successfully passed before the National Directorate of Management Control (DNCG), French football’s financial policeman. Textor, through the Eagle Football holding, must acquire all the shares and half of the Osranes (bonds convertible into shares issued to finance the construction of the Groupama stadium) of Holnest, the holding company of President Jean-Michel Aulas’ family (27 0.7 % of capital).

To this must be added all shares and Osranes owned by Pathé (19.3%) and the Chinese investment fund IDG Capitals (19.8%), which announced on March 9th that they wanted to sell their shares. OL Groupe had requested on Wednesday evening the suspension of the listing of shares and Osranes from the opening of the markets on Thursday “until the publication of a press release on the operation with Eagle Football”, without giving a specific date for its publication. At the close of trading on Wednesday, the campaign was worth EUR 2.79, down EUR 0.20 (-0.71%).

(With AFP)

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