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LOSC sold, Olivier Létang new president

Gérard Lopez is no longer the owner of LOSC. At the end of its board of directors which began at 5.30 p.m. on Friday, its London-based holding company Victory Soccer has officially been sold. to “Callisto Sporting S.à.rl (« Callisto »), property of Merlyn Partners SCSp (« Merlyn »).

“I am leaving the club leaving behind a legacy of talent for the future”

Gérard Lopez, in the press release that formalizes his departure

According to an imminent press release, Gérard Lopez declares: “My goal has always been to put LOSC on a sporting level. When I became president, the club was in 17th place in Ligue 1. Today the team has excellent sporting results and is ranked 1st in Ligue 1. I have achieved my goal and I believe that now is the time for a new owner to take over, and for me to focus on other sports businesses. Given the recent difficulties in Ligue 1 and in particular the uncertainty surrounding the contract for the TV rights for the French championship, it is important that the LOSC be held by a reference owner, with recognized financial strength like Merlyn. Under my aegis, and while maintaining high sporting ambitions, we have invested more than € 150 million in player purchases and generated even more income. So I am leaving the club leaving behind a legacy of talent for the future. ”

Luis Campos is leaving too

This press release confirms that Gérard Lopez and Luis Campos, his sports advisor, “Are leaving the club with immediate effect. Marc Ingla has resigned from his duties as Managing Director but remains on the club’s board of directors. “

Lille specifies that the purpose of the holding Merlyn“Is to capitalize on the sporting results obtained during the past seasons and to guarantee that this success is sustainable (…) by relying on a solid financial situation and a strong management team which will exploit the fundamentals of the club, on and off the field. As part of the new financial strategy, the outstanding debt of LOSC will be significantly reduced and new equity will be injected into the club. “

Merlyn, the fund that now owns LOSC,
will inject € 50 million in cash

According to our information, the Luxembourg-based fund will inject € 50 million to meet immediate cash requirements. Employee corporate officer, Olivier Létang is officially appointed as “New president and chief executive officer”.

“I am delighted to have Christophe Galtier, a high level trainer whom I appreciate by my side”

Olivier Létang, the new Lille president, in a press release

“It is a great honor to become the new president of LOSC, this stronghold of French football, explains the leader. My intention is for the club to reach its full potential and I will ensure that LOSC is managed well sportingly and financially, for the benefit of the supporters and the LOSC community, with football at the heart of the project. I want to thank everyone in the club who will be working hard on Mr. Lopez’s transition. I am also delighted to have Christophe Galtier, a high level trainer who I appreciate as a man and as a professional by my side. “

The LOSC coach, who knows Olivier Létang from whom he had received a reassuring communication Tuesday evening and with whom he had cordial relations, adds: “I am very happy to welcome Olivier as the new president. Olivier has done a remarkable job in Reims, Paris and Rennes and I believe that with him, we are going to have even more good times! ”

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