During the next meeting with the National Directorate of Management Control, at the end of the season in June, will OL officially have a new owner? After John Textor’s definitive departure from Eagle Bidco, the parent company of the multi-property thought by the American, whose operations are now being managed since March 27 by the Cork Gully firm, appointed as the administrator under English law, it seems to be the course of events. OL also mentioned that “it would be possible for all Eagle Bidco creditors, including Michele Kang, to make an offer.” This theory gained more weight after the release of a new statement on Tuesday, April 14, regarding a potential takeover, following a board meeting of Eagle Football Group (formerly OL Groupe). According to the rules of the French Financial Markets Authority (AMF), any serious buyer interested in acquiring EFG shares held by Bidco can access “confidential information” to prepare for a takeover.
Context:
– OL refers to Olympique Lyonnais, a French football club. – Eagle Bidco is a company associated with the ownership of OL.
Fact Check:
– Michele Kang is mentioned as a key figure in the potential takeover.
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A committee to avoid conflicts of interest with Michele Kang in the event of a takeover
The real information in this statement reveals that Ares Capital, Michele Kang, and their affiliate (likely the French-American investor Jean-Pierre Comte through his company) are currently working on acquiring the club. The board of Eagle Football Group appointed an ad hoc committee of three independent directors on Monday. The committee includes Gilbert Saada (President), former tennis player Nathalie Dechy, who has been involved since 2017, and Victoria Wescott, assigned a broad mission to provide recommendations for a potential public offer for the company, its shareholders, and employees. This is to prevent any potential conflicts of interest, especially if CEO Michele Kang is involved in the operation.
