Botafogo owner John Textor officially dismissed as Eagle director | OneFootball

The American John Textor, owner of Botafogo, had his removal from his position as director of Eagle Football Holdings made official this Tuesday.

The group that manages Botafogo, Lyon (FRA), and Molenbeek (BEL) announced in an official statement that Textor, a founding member, was removed from his position on January 27, after an attempt to remove two independent directors from the company to regain control of Eagle.

See also: All Botafogo news Gazeta Esportiva's YouTube Channel Follow Gazeta Esportiva on Instagram

Situation of Botafogo

Before being removed from his position, the executive took a loan in the name of Botafogo with the fund Hutton Capital, which is not approved by the DNCG, the entity that regulates football finances in France.

According to information from L’Équipe, a French newspaper, the fund Ares Management, which lent 425 million euros (approximately R$2.62 billion) to Eagle – still led by Textor – to buy Lyon in 2022. So far, the institution has only received 175 million (approximately R$1.08 billion) and may take legal action to force the holding to sell its main clubs, including the Glorioso.

The outlet also stated that, behind the scenes at Lyon, it is taken for granted that Ares will take control of the French team.

This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here.