The epilogue of the soap opera about the takeover of Olympique Lyonnais by John Dexter’s Eagle Football Holding Company is approaching, and the summer glee has given way to gloom at the end of the year. On Wednesday, December 7, the“the end” A reprieve by OL Groupe (OLG) for the American businessman “Find a final, unconditional and financing agreement with all parties” comes to an end. “After this last deadline, Sellers and the OL Group can only note that it has become futile to give Eagle Football more time”, Rohn’s company explained in a press release on Monday.
Over the months, OL’s sales have taken on an Arlesian look. At the end of June, Eagle Football bought all of the shares and half of Osran (subsidiary bonds redeemable into new or existing shares that will be used to finance the construction of Groupama Stadium) to Mr. Dexter took over. Holnest – the holding company of the family of Jean-Michel Alas, the historical head of OL, which represents 27.7% of the capital – as well as all the shares held by Pathe (19.3%) – the group led by Jerome Seydoux – and the Chinese investment fund IDG Capital (19.8%). The total value of the operation is 800 million euros.
The sale, originally launched in September, has been postponed several times. “Be aware that transactions like these can be very complex for both buyers and sellers, and it’s not uncommon to find obstacles on the way to ‘closing’ that create complications and delays”Already in mid-October, he tried to appease the native of Missouri (Midwest of America), in a message to Leone supporters on his website.
Example of Chelsea
“We are talking about a large amount, there is an additional capital increase procedure of 86 million euros, so it is not surprising that it will take some time”Acknowledges Luc Arondel, professor at the Paris School of Economics. But, he points out, the recent example of Chelsea shows that things are usually happening “quickly”. Oligarch Roman Abramovich, targeted by London sanctions in the turmoil after Russian troops invaded Ukraine at the end of February, put the London club up for sale in early March. At the end of May, the Premier League (the English first division) was acquired by a conglomerate led by American businessman Todd Bohley for almost 4.5 billion euros.
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