US businessman John Textor completes Lyon takeover
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $205*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 19/12/2022 (1310 days ago), so information in it may no longer be current.
LYON, France (AP) — American businessman John Textor completed his takeover of French soccer club Lyon on Monday.
The sale was initially set for September but was pushed back several times.
Under the deal, Textor’s Eagle Football is acquiring a stake of 77.49% in the club. The agreement with Textor’s Eagle Football Holdings provides for a capital increase of 86 million euros ($90 million).
“After four months of constructive negotiations marked by a common understanding with (president) Jean-Michel Aulas and all our partners, we are proud to reach this exceptional agreement,” Textor said.
The American businessman made his fortune in digital media. It’s not the first time Textor has ventured into soccer. He also has stakes in Crystal Palace, Belgian second-division club RWD Molenbeek, and Brazilian team Botafogo.
Lyon’s run of titles from 2001-08 made it the powerhouse of French soccer. But after Bordeaux ended Lyon’s run in 2009, the club’s fortunes dipped.
Lyon finished eighth last season, 25 points behind champion Paris Saint-Germain.
___
AP World Cup coverage: https://apnews.com/hub/world-cup and https://twitter.com/AP_Sports
Related Articles
CF Montreal hires Hernán Losada as new head coach, acquires defender Herrera
Advertisement Advertise With Us