John Textor’s Lyon takeover still in limbo

L’Équipe report today that the scheduled meeting between the boards of Lyon and OL Groupe last night did not lead to any decision regarding the prospective takeover of the club by American businessman John Textor. As reported by Get French Football News earlier in the night, no announcement was expected in the immediate aftermatch of the meeting.

It is GFFN‘s understanding that the hold-up on the deal – which has been continuously delayed since the summer – is in fact not down to a delay from the Premier League authorities regarding the transfer for Textor’s shares in Crystal Palace (40%) to his company, Eagle Football Holdings Limited.

L’Équipe have reported today that the move is blocked not only by the Premier League but also by Textor’s partners at Selhurst Park, who may not be in favour of the club joining Eagle’s capital.

The American was confident on Saturday regarding the deal – having secured the approval of the DNCG, French football’s financial watchdog – and hoped an agreement could be found in the next few days.

According to sources contacted by L’Équipe, a joint statement was to be released soon in order to reassure the markets, with the deal reportedly only needing “a few documents, which should arrive very, very soon”.

GFFN | Raphaël Jucobin

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