Lyon confirms negotiations with businessman John Textor for acquisition

French club Olympique de Lyon confirmed on Monday (20) that it is in talks with American businessman John Textor about a takeover offer.

Lyon said Textr’s Eagle Football Holdings were in talks to buy the majority stake held by club president Jean-Michel Aulas.

Textor already has participation in Crystal Palace, of the Premier League, and in Botafogo.

Lyon won seven consecutive Ligue 1 titles from the 2001-2002 season but have struggled in recent years with Paris Saint-Germain, which is owned by state-owned Qatar Sports Investments, dominating.

Football clubs have attracted billionaires and oligarchs from all over the world due to the sport’s high TV ratings and lucrative assets.

Last month, Los Angeles Dodgers baseball partner Todd Boehly struck a deal to buy Chelsea, with financial backing from Clearlake Capital, while last October a Saudi-backed consortium bought Newcastle United.

Source: CNN Brasil

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