Jonh Textor returns to lead company in charge of Botafogo and other clubs | OneFootball

Companies House, the commercial registry that records company transactions in the United Kingdom, formalized this Wednesday the return of John Textor to the leadership of Eagle Football Holdings just one day after his removal was made official.

With this, the formalization ensures that the American businessman remains as director of the company that manages the network of clubs including Botafogo, Lyon, and RWDM Brussels.

In an official statement, the owner of Botafogo's SAF stated that the dispute regarding control of the administrative board of Eagle Bidco will continue between Ares and himself.

Textor also accused the company of acting without legal grounds to remove him from the leadership of Eagle Bidco.

“Mr. Textor also demanded the termination of the Side Agreement between Mrs. Kang and Ares, which intends to govern the Eagle Football Group (Olympique Lyonnais) in place of the governance established by the EFG board of directors and the shareholders' agreement between Eagle Bidco and Holnest. The AMF has been notified of this flagrant violation of market information disclosure rules and French law, and we expect the AMF to conduct a full and independent investigation into this undisclosed agreement,” the businessman published on his website.

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(Photo: Disclosure / Companies House)

Understand what happened

Last Tuesday, John Textor had his removal from the position he held as director of Eagle made official.

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 attempting to remove two independent directors from the company to regain control of Eagle.

Before being removed from office, the executive took out a loan in the name of Botafogo with the Hutton Capital fund, an operation not approved by the DNCG, the entity responsible for regulating football finances in France.

According to the French newspaper L’Équipe, the Ares Management fund lent 425 million euros (about R$ 2.62 billion) so that Eagle — still under Textor’s command at the time — could buy Lyon in 2022. So far, however, only 175 million euros (approximately R$ 1.08 billion) have been repaid. Because of this, Ares may go to court to force the holding to sell its main clubs, including Botafogo.

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

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