Lyon president John Textor must raise 130 million euros

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According to a report by RMC Sport, Lyon president and majority shareholder John Textor needs to raise €130m before the club receives a sanction from the DNCG, the financial watchdog of French football.

When Textor completed his takeover of Lyon, he presented the DNCG with a business plan based on annual Champions League qualification. However, Les Gones are only sixth in the league and will not qualify for Europe’s premier club competition next season. The club will therefore miss a financial windfall of several tens of millions of euros which accompanies a qualification in the Champions League.

Player sales during the next transfer window will help the club get closer to their goal of raising €130m, but that shouldn’t be enough – even if promising prospects like Rayan Cherki (19), Castello Lukeba (20) or Bradley Barcola (20) needed to make a lot of money. The sale of a majority share of the highly successful Lyon women’s team is expected. L’Equipe reported last month that a deal had been struck between Textor and Michelle Kang, through the investment vehicle of former Eagle Football – the majority shareholder of global parent company OL Groupe in December 2019. last year.

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