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France: Lyon confirm club purchase by John Textor

The American millionaire John Textor, who tried to acquire a position in Benfica’s SAD, consummated this Monday the purchase of Lyon.

′′ Today is a new beginning for Olympique Lyon. After four months of constructive negotiations marked by a common understanding with Jean-Michel Aulas [presidente do Lyon] and all our partners, we are proud to reach this extraordinary agreement», welcomed the businessman, in a statement.

The deal was made through the holding company Eagle Football, also owned by Canadian businessman Jamie Holder, and which already controls the Brazilians from Botafogo and the Belgians from Molenbeek, in the second division, also holding a minority stake in the English side from Crystal Palace.

Lyon, which is going through a serious financial and sporting crisis, explained that Eagle Football subscribed to a capital increase of 86 million euros.

The agreement, signed about a year and a half ago, provides for Aulas, 73, to retain the operational management of Lyon, which he has led for 35 years, in addition to joining the management of Eagle Football.

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