US investor buys French Ligue 1 club Lyon

US investor buys French Ligue 1 club, Lyon. Crystal Palace in the English Premier League, Botafogo in Brazil, and RWD Mollenbeek in Belgium are all teams in whom technology entrepreneur John Textor has ownership interests in addition to the holding company that he controls and directs.

US investor buys French Ligue 1 club Lyon

After more than six months of negotiations, all parties came to an agreement on the terms of the deal, which is expected to be worth more than 800 million euros ($850 million). In June, the President of Lyon, Jean-Michel Aulas, stated that the two parties had reached an agreement and had shaken hands on it. Following the conclusion of trading on the Paris stock exchange, OL, the holding company that controls Olympique Lyonnais, issued a statement.

The statement said that 73-year-old Aulas “will retain the operational presidency of Olympique Lyonnais for at least three years and will remain surrounded by his team.”

“We have a quality group but there is not enough competition. It is up to me to create it or with new players in January,” he said.

US investor buys French Ligue 1 club Lyon

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