Copywriter concerned about ‘state teams’
In an interview for CBS Sports, OL’s new shareholder laid out some ideas of his plan as he tackled “state teams” such as PSG or Manchester City.
“My football plan is to create an ecosystem of top cooperative clubs that will benefit from sharing a global talent identification footprint. I continue to worry that the competitive dominance of state teams and other wealthy clubs is detrimental to the wider football landscape of In the community run clubs, I just hope to show that alternative approaches to competitiveness should be explored and encouraged. The idea that clubs and communities can work together to help is something we should celebrate.”
More information here.
Press conference Tuesday at 4 p.m.
Olympique Lyonnais is organizing a press conference on Tuesday 21 June at 4 pm in the presence of Jean-Michel Aulas and John Textor. The opportunity to give presentations and answer many questions.
Response from John Textor
“The project I discovered in Lyon with Jean-Michel Aulas and all his teams will be the epicenter of our new organization and our investments in the service of world football. Olympique Lyonnais will be the cornerstone of our project. I intend, with the support of Jean-Michel and his teams, to bring forward the values of development and self-improvement to which I have always been committed.
I want to give all the fans of Olympique Lyonnais the extra means so that the institution can regain the highest level, in France and in Europe, respecting the values of the DNA of OL such as youth, work, self-sacrifice and this spirit with which all the talents of the worldwide access to the high level thanks to our involvement in the academies. From the United States’ perspective, OL is the ideal platform to make football a success story.”
The reaction of Jean-Michel Aulas
“With this project, Olympique Lyonnais opens a new chapter in its formidable history. For 35 years, it has been my desire to make Olympique Lyonnais a unique football model that combines sporting and economic success. Our professional teams football and basketball, OL Reign, our mixed Academy, Groupama Stadium and the construction of the new LDLC Arena in OL Vallée are already strong markers of OL Groupe’s ambitions.
The sudden departure of Pathé and IDG nevertheless made possible the arrival of John Textor, who was able to guide and support the same ambitions. This new shareholder will be an accelerator for our current and future projects. I am proud and happy to continue writing the future of Olympique Lyonnais, with the support of John Textor.”
The four things to remember from the OL press release:
>> OL Groupe has entered into “exclusive negotiations” with the holding company of American John Textor
>> John Textor will become the majority shareholder of the club, as Eagle Football will first own 66.56% of OL Groupe’s share capital, then possibly 88.55% after repayment of the OSRANE (subordinated bonds redeemable in new or existing shares)
>> Jean-Michel Aulas’ mandate as CEO is extended for “at least three years”
>> OL Groupe will benefit from a capital increase of 86 million euros, subject to validation by an extraordinary general meeting
OL Announces “Exclusive Negotiations” With John Textor’s Eagle Football Holdings
The OL Groupe press release:
“Holnest, Pathe and IDG Capital announce that they have entered into exclusive negotiations with Eagle Football Holdings, LLC for the latter’s acquisition of a majority stake in OL Groupe, followed by a simplified mandatory tender offer.”
“This operation would lead to a complete sale of the interest of Pathé and IDG and to a progressive liquidity of Holnest, the family holding company of Jean-Michel Aulas. (…) Eagle Football Holdings would become the majority shareholder of OL Groupe .”
“The continuation of the strategy of OL Groupe, led by Jean-Michel Aulas, whose mandate as CEO would be renewed for at least 3 years, and with the support of the entire current management team and the Executive Committee of the Company, which remain unchanged Jean-Michel Aulas would also join the management of Eagle Football to support its development and that of all clubs in which Eagle Football has a stake.”
OL: How Aulas Stays in Power Despite Textor’s Arrival
A rarity in the football world, Jean-Michel Aulas remains in power at OL, despite the arrival of John Textor as the club’s new majority shareholder. A situation explained by Jean-Pascal Gayant, sports economist, at RMC Sport.
>> An analysis to discover here
RMC SPORT INFO: The club’s board of directors confirms the arrival of Textor as a shareholder
This time it’s done. As expected, OL’s board of directors, meeting this Monday afternoon, has just endorsed the arrival of John Textor as a shareholder. The Rhone club has to communicate in the evenings and probably give precise figures. A press conference will also be held on Tuesday.
Botafogo, Molenbeek… the methods and results of John Textor
The American businessman, who already owns Botafogo and RWD Molenbeek, is working hard on his network to achieve his goals.
>> The portrait of John Textor
A board meeting scheduled for Monday afternoon
Monday afternoon, when it was on the agenda for tomorrow, a board of directors is scheduled, proof that everything will accelerate in the coming hours.
OL has chosen John Textor to buy the shares on sale, big budget for the transfer window this summer
RMC Sport can confirm Bloomberg’s information that John Textor will acquire marketed shares of Pathé and IDG in March.
>> All info