Through a press release from the Eagle Football Group, several elements confirm that a transfer of the club’s shares is now a concrete possibility.
At the heart of the matter is the situation of Eagle Football Holdings Bidco, the majority shareholder, currently involved in an administration procedure. The group explains that they have “become aware of developments related to this procedure,” a statement confirming that the process is indeed ongoing.
In this context, Eagle Football Group indicates that they can “share confidential information with parties interested in acquiring the shares” held by Eagle Bidco. This clearly shows that discussions are open with potential buyers, including that of OL.
Initial contacts have already been established. The press release specifies that confidentiality agreements have been signed with several parties, including “a consortium including funds managed by Ares Capital and an affiliate of Michele Kang.” Other investors could follow in the coming weeks.
This situation arises as John Textor has stepped back in recent weeks, amidst internal reorganization. This is a significant development, as he has been a key figure in the Lyon project.
Another major point raised in the press release is the possibility of a change in control. The group mentions that the ongoing procedure “could lead to a change in control of the company, followed by a public tender offer.” In other words, a club sale could result in a comprehensive buyout of its shares.
To oversee this sensitive process, the board of directors has set up an independent committee to supervise the operations and evaluate any potential offers, “in the interest of the company, its shareholders, and its employees.”
Although there is no official announcement of a sale at this stage, the communicated elements outline a clearer scenario. OL is potentially on the market today, and its future could depend on the ongoing discussions with new investors.
