Brazilian justice requires the reimbursement of € 23 million linked to loans between Botafogo and Eagle Football. OL, indirectly concerned, is again quoted.
Olympique Lyonnais continues to undergo the consequences of the management of John Textor. Recently excluded from all his functions within the club, the American businessman remains active in Brazil, where he still controls Botafogo. But there too, the situation is complicated. According to Globo EsporteBrazilian justice has just blocked attempts to take over Botafogo by the Eagle Football group. And in this case, OL is still toast.
On Thursday, a Rio de Janeiro judge decided to freeze Eagle Football's assets in the Brazilian club. Clearly, no one can move in the organization chart without authorization, and John Textor remains in control. The judge is concerned about a “Obvious risk”
That Botafogo never recovers the money that Eagle owes him if Textor is replaced.
Debt? 23 million euros. And she is not trivial: a part was used to bail out OL. According to Brazilian justice, Botafogo was used to finance “Operations and attempts to redress other clubs, notably Lyon, by successive loans granted to Eagle Bidco”a subsidiary of the Textor group. An observation that John Textor himself has already recognized by saying recently: «Botafogo Finance L'Epape. »
“Botafogo could not remain his arms crossed”
In its decision, the court goes further. “Botafogo could not remain his arms crossed”can we read. And add that in the event of a change of owner, “The risk of payment failure would increase considerably”especially if the newcomer has no connection with the Brazilian club.
Result: Textor remains temporarily at the head of Botafogo, but above all, the Brazilian club now has a legal means of forcing Eagle to reimburse. And once again, it is the bad pass of OL which reflects elsewhere in the Eagle Empire.
