The American promised the American, but didn’t deliver.
Millionaires pretend to be billionaires
It’s advantageous for the wealthy to lie about their fortunes when closing deals. In various notes, the American John is listed as a billionaire. Economists disagree with these PR figures. They assessed the financial capabilities of Lyon’s current owner at €200 million. With such a fortune, John couldn’t support the club he had bought in December 2022. Olympic Lyon went to an American with €458 million in debt, and last summer, the amount of loans exceeded half a billion euros.
As a result, the club burned through €175 million in bonds, which were supposed to be repaid urgently, but the money wasn’t forthcoming. The National Management Directorate (DNCG) sent Lyon to the Second League. It is this body that monitors the financial situation of football clubs. The Lions went to the game because they are the seven-time champions of their country. The club reached the Champions League semi-finals five years ago. Bayern lost, but during the global pandemic, the French team was able to beat Juventus and Manchester City. Lyon is a named club.
Previously, the team was associated with Jean-Michel Ola, but after a series of unsuccessful decisions, the president led the club into a financial corner. Ola built a new stadium before Euro 2016, hanging a stone around the neck of a Lyon lion. The managers didn’t earn obscenely large sums of money to part with their best players. They also fell victim to three financial blows that unite many teams: they didn’t always play in the Champions League, suffered due to the decision not to play the season during the pandemic, and were burned on television.
The league has one huge problem with revenue from showing matches around the world. Champions League PSG It can always rely on Qatari generosity. Monaco has managed to sell players. And other title-winning clubs, like Lyon and Bordeaux, have survived the worst years in their history. When Textor acquired the controlling stake, many said John bit off a little more than he could chew. The American owns shares in Botapogo, Molenbek, Crystal Palace, and Lyon. Fans of each club consider the rest to be children loved by children.
Football doesn’t work
The Germans don’t give their clubs to foreigners because they’re afraid of similar sad stories. The regulator threw Lyon into Ligue 2, but it would have been better not to approve the deal with Textor, waiting for a wealthier and more rational owner for the team, which was played by Zhunino, Coupé, Lloris, Benzema, Gova, Lyakazett, and many other Ligue 1 stars. Jean likes football, but the American doesn’t understand it. Lyon received a transfer ban from FIFA for a debt of €2,238. A testament to incompetence. While Lyon fought for survival in Ligue 1 in the management’s office, a millionaire textor from the house in USA I watched Botapogo’s success at the Club World Championship. The French announced yesterday that they would appeal,
but they were warned in November. Regulators are cooperating with the clubs, trying to find a solution. “Lion” was offered to arrange an active sale, but the late farewell to Sherka (sent to Manchester City) didn’t help. There were no preventative measures, and during the Abrala, the ship was confidently sinking. American Newspapers USA Millionaires are afraid to press so actively. Lyon’s owner thought it was time to sell the shares of the English Crystal Palace.
This must be done not only for Lyon’s sake, but also for the interests of the owner of the FA Cup in European competitions. The Eagles beat Manchester City in the final, but Lyon also entered the Europa League through Ligue 1. Teams could not play in a single tournament if Textor remained a shareholder. John sold Crystal Palace’s shares to New York Jets owner Woody Johnson, but in Premier League Such transactions have long been scrutinized, so the French did not accept promises to transfer €220 million to Olympic accounts.
Textor is not profitable to save the French club. John is better off not appearing at Lyon; the club’s local fans have long disliked him. In the stands, the right-wingers, unlike Crystal Palace fans, are left-wing. They could also attack the club’s rank and file. But violence won’t help; Lyon has long accepted its fate, and public discontent is just a standard part of accepting an inevitable outcome. The club will play in Ligue 2, and they will have to say goodbye to all the valuable players who have a starting point in the event of Lyon’s financial collapse in contracts. The debts were no secret, and it was more profitable for Textor to drown only the French team than to risk the entire Eagle football company. Saving Lyon would harm the rest of the clubs, and the purchase itself was a mistake. Only the new Sheikh, capable of illegally transferring large amounts of so-called sponsorship money in an indecent manner, would face such debts. Regulators would turn a blind eye to such fraud, but now they are taking action. Inefficient management has drowned the next club. There are many more of these stories to come.
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