OL, finally some good news for Textor!

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By: Manu Tournoux

On the eve of their match against OM in the championship, OL learned some very exciting news.

Is this the end of troubles for Olympique Lyonnais? On a sporting level, we don’t know, but on a financial level, we are heading towards it. The DNCG ruled this Tuesday about the Rhone club and its economic situation and the verdict is favorable to Les Gones.

Lyon will be able to recruit

After having gone through the accounts of OL and taking into consideration the guarantees provided by its owner John Textor, the financial policeman authorized the institution to carry out reinforcements during the month of January. Lyon will thus be able to buy new players. According to L’Equipe, investments could reach 50 million euros.

There is, however, a condition to this. Payroll control will always be required, as will transfer compensation. The club is therefore not yet completely out of the woods. However, he is in a much more comfortable position than last summer. At the time, he was banned from recruiting and had to wait until the very last days of the transfer window to be able to buy new players urgently.

Lyon communicated in the evening and was pleased that things had moved in the right direction: “OL regains its budgetary flexibility through the DNCG management on a new budget revised upwards. Olympique Lyonnais takes note of the DNCG’s decision and thanks it for having heard its arguments which allow it to regain its budgetary flexibility. By validating the new increased budget presented to it by Olympique Lyonnais and simply asking it to respect it, the DNCG allows the club to present itself in a favorable situation before the winter transfer window so as to be able to consolidate its team by acquiring new players.”

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