Lyon is still in shock. A little over 24 hours ago, the DNCG announced the administrative relegation of Olympique Lyonnais. The Rhodanian club therefore did not succeed in its exam to the financial owner of French football, and will bet on a call to be able to circumvent this decision. Via The teamwe learn in particular that John Textor spent the night to make phone calls to his investors, including Michele Kang and Jean-Pierre Conte, who are also likely to lose very large in the event of confirmation of demotion.
They remain for the moment on the side of the American. But for how long? The media explains that for its passage before the appeal commission, the Lyon stable, still a little in the vagueness concerning the exact reasons of its sanction, will have to bring an additional 70 million euros. A sacred amount therefore, which could hypothetically be put on the table by Ares Managment, the fund which had helped Textor to buy the club. But if it was happening, it is very likely to take advantage of it to cut the Textor's head and keep it away from OL. Laurent Prud'homme could return to a more important role.
The sale of the shares of Crystal Palace will not have been useful
Be that as it may, the sports daily also makes new revelations on the audience of Textor at the DNCG. We learn that an American pension fund injected 70 million euros in exchange for a percentage on future sales of players, which did not convince the DNCG. As for the famous sale of Crystal Palace shares, estimated at 210 million euros, it will have been useless, for OL at least. Indeed, the largest share of the recovered money will go to Ares (170m), since a majority of the American shares in the PL club had been pledged with the American fund to buy OL precisely.
In the end, there are only 40 million euros that will finish in the OL boxes next September, once the Premier League has validated the sales process. Worse, this sale was not even taken into account by the DNCG because the proof of sale provided by ARES has arrived too late, and the budget presented by the club was mainly on sales of players, with an estimate of a hundred million euros in revenue recovered from the transfer window, not include the already acted sale of Cherki. In addition, the media confirms that Textor had bought OL for 425 million euros with an interest rate of 11 to 16%, which is substantial, when it must be reimbursed in December 2028. Suffice to say that it smells very bad …
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