Lyon report ‘significant financial developments’ | OneFootball

On Friday, club owner John Textor announced a contribution of €83m from parent company Eagle Football Holdings as Olympique Lyonnais look to get back into good standing with the DNCG.

Textor called it a “significant financial development” for the French side, who are facing massive sanctions, including potential relegation into Ligue 2 if they cannot fix their financial problems.

“This amount includes EUR 21.3 million paid by YMK, of which EUR 11 million is for the purchase of additional shares in OLF, and the remainder for the establishment of working capital between OL SASU and OLF, “Textor told RMC Sport.

YMK is the investment vehicle of Michele Kang, who owns a 52.91% stake in Olympique Lyonnais Féminin (OLF), Lyon’s women’s team.

As for the remaining €62.3m, that is coming from the numerous players the club have sold in the January transfer window thus far. Jeffinho (25) went to Botafogo for €5.3m, and Gift Orban (22) joined TSG Hoffenheim for €9m with €3m in bonuses, including €1m guaranteed.  Maxence Caqueret (24) is now with Como for €15m plus €1.5m in add-ons, while Botafogo’s Luiz Henrique (24) was sold to Zenit St. Petersburg for €33m.

Lyon’s debts had previously been reported to be in the ballpark of €508m, while the club was also issued a transfer ban for the winter window.

Thiago Almada (23) is the only new addition to the club so far this year, coming over on loan from Botafogo, despite the transfer ban.

OL are sixth in the Ligue 1 table and have booked a spot in the knockout stage of the UEFA Europa League.

GFFN | Joel Lefevre