New disaster for OL?

Published:

By: Manu Tournoux

A suspicious transfer to OL

While Olympique Lyonnais is going through an unprecedented crisis, one of the new investors already wants to slam the door.

Nothing is going well at OL anymore. On and off the lawn. While Les Gones, still beaten 2-0 in Reims, are in last place in Ligue 1, the club is facing very bad news behind the scenes.

According to L’Equipe, the Iconic company which invested 75 million euros to finalize the takeover of OL by Eagle Football has in fact activated its resale clause and is demanding its dues from John Textor.

Iconic Sports, owned by James Dinan, who also owns the Milwaukee Bucks NBA franchise, had acquired 19% of Eagle Football for 75 million euros. An entry into the capital which allowed John Textor to complete the process of selling OL by purchasing 78% of the club’s capital.

But an agreement between the two companies would not have been honored and Iconic has decided to exercise its put option and wishes to recover the 75 million invested.

Manu Tournoux

Written by:

Manu Tournoux

Manu Tournoux is a passionate and knowledgeable football enthusiast with a special focus on French football. Born and raised in France, Manu discovered his love for the beautiful game at a young age and developed a deep understanding of the ins and outs of "Le Championnat." His French roots and extensive experience in football journalism have made him an invaluable asset to the French Football Weekly team. As an author for the website, his expertise includes not only in-depth analysis of Ligue 1 and Ligue 2 matches but also insightful profiles of up-and-coming talents, detailed transfer news, and engaging coverage of the French national team. His captivating writing style and undeniable passion for the game have earned him a loyal following among our readers. When he's not crafting engaging articles for French Football Weekly, Manu enjoys attending live matches whenever he can, exploring football culture in various French cities, and engaging in spirited debates with fellow fans.