Olympique Lyonnais

2026-06-23 — “Acquisition of the entire stake held by Eagle Bidco (in administration), 'for an aggregate price of USD 30,000,000, representing a price per share of approximately USD 0.1943, representing 87.78% of the share capital', via Olympe Bidco (YMK Holdings/Kang); price partly settled by set-off of debt owed by Eagle Bidco to YMK Holdings; up to EUR 71m shareholder loans (EUR 31m at closing, EUR 40m backed by standby LC); release of OL Group liabilities to Eagle affiliates; 18-month PIK reprofiling of RCF/TL and FCT; closing conditional on DNCG maintaining OL in Ligue 1; mandatory tender offer to be filed with AMF by October 2026 at block price; Eight Advisory independent expert; no squeeze-out intended within 12 months.”

2026-06-23 — “Eagle Bidco, represented by administrator Cork Gully, agreed sale of 87.8% of EFG to Michele Kang; Kang 'personally committed to repaying the debt owed to Eagle Bidco's main lenders'; committed to inject up to EUR 71m (EUR 75m incl. transaction costs), EUR 31m at completion; lenders (Ares, Goldman Sachs, MUFG, MetLife) granted 18-month facilities; parent to be renamed OL Groupe and remain listed.”

2026-06-26 — “'Following the satisfaction of the condition precedent relating to the OL team being maintained in Ligue 1 for the 2026/2027 season by the DNCG... Olympe Bidco acquired today from Eagle Football Holdings Bidco Limited (in administration) all of the EFG shares held by Eagle Bidco (representing approximately 87.78% of the share capital), for an aggregate price of USD 30,000,000 (approximately USD 0.1943 per share).' First EUR 31m shareholder loan instalment made available; debt reprofiling effective; intercompany liabilities to Eagle affiliates released; mandatory tender offer to follow.”

2026-07-01 · fr — “Transaction date 26 June 2026, off-market acquisition of 154,382,133 EFG shares at EUR 0.1713 per share; 'prix total de 30 millions de dollars américains (convertis en 26.451.000 euros)'.”

2026-07-28 — “FY2025/26 (unaudited): total revenue EUR 223.3m (EUR 144.0m ex player trading; player sales EUR 79.2m). Confirms Olympe Bidco acquired 154,382,133 shares (87.78%) for USD 30m 'converted to 26,451,000 €, i.e. 0.1713 € per share'; EUR 232.6m release of debts to Textor/Eagle Bidco and affiliates; EUR 31m shareholder loan drawn, up to EUR 71m with EUR 40m JP Morgan letter of credit; mandatory tender offer at EUR 0.1713 to be filed shortly (AMF pre-offer period opened 24 June 2026); FY accounts to be published October 2026.”

2025-07-11 · fr — “After the DNCG appeal commission overturned the administrative relegation to Ligue 2, 2025/26 needs are covered by cash at 30 June 2025 'complétée par un apport de 87 M€ réalisé par les actionnaires d'Eagle Football Holdings, ainsi qu'une garantie bancaire de 30 M€'; wage bill and transfer fees capped by DNCG.”

2025-07-28 · fr — “30 June 2025: Michele Kang appointed Chair & CEO of EFG and club President, Michael Gerlinger General Manager; John Textor resigned from all OL roles. New liquidity and guarantees from lenders and Michele Kang ('87 M€ apportés par les actionnaires d'Eagle Football Holdings et 30 M€ de garantie bancaire') led the DNCG appeal commission on 9 July 2025 to keep the club in Ligue 1.”

2025-11-28 — “FYE 30 June 2025: revenue ex player trading EUR 162.6m (total incl. player sales EUR 273.7m); personnel costs EUR 177.7m; EBITDA EUR -47.7m; operating loss EUR -150.7m; net loss attributable EUR -201.2m; financial debt EUR 517.9m; cash EUR 62.1m; equity EUR -163.6m; 'net cash debt (including net receivables and payables on player contracts) stood at -€576.6 million at 30 June 2025'.”

2026-06-26 · fr — “DNCG announced on Friday 26 June 2026 a wage-bill cap on the takeover budget, no relegation; Kang pays EUR 31m cash before 30 June and EUR 40m later; reports club debt roughly halved via set-off to ~EUR 236m (EUR 150-170m owed to Ares) plus ~EUR 350m stadium debt secured on Groupama Stadium. Debt figures are journalist estimates, not filed.”

2026-03-27 — “Board notes appointment of Cork Gully as administrators of majority shareholder Eagle Bidco under English law 'following events of default under its financial agreements'; EFG itself not in the procedure; existing Eagle Bidco debtholders including Ms Kang may bid for Eagle Bidco's interest in the Company; H1 accounts publication postponed.”

2026-03-27 — “Cork Gully appointed administrators of Eagle Bidco, the intermediate holding company owning the majority shareholding in listed EFG plus interests in Botafogo and RWDM Brussels; no club in insolvency; potential bidders invited to express interest.”

2026-07-03 · fr — “Olympe Bidco (100% YMK Holdings LLC, controlled by Michele Kang) crossed all thresholds up to 2/3 on 26 June 2026, holding 154,382,133 shares = 87.78% of capital and 85.34% of voting rights (capital 175,873,471 shares); acquisition financed by an unsecured intragroup loan; acts alone, controls the company, must file a mandatory tender offer; no squeeze-out intended within 12 months.”

2026-06-26 — “Kang acquired 87.78% for $30m; EUR 31m first shareholder loan tranche, up to EUR 71m; Kang quoted that the deal includes 'the full release of the intercompany debt owed by the OL Group to Eagle affiliates, resulting in the write-off of more than 230 million euros'. Textor took over from Aulas in December 2022.”

2026-06-24 · fr — “OL's DNCG takeover hearing took place the morning of Tuesday 23 June 2026 at LFP headquarters, followed the same afternoon by the announcement of the sale of 87.8% of the shares to Michele Kang, ending the Textor era.”