John Textor set to finalise Lyon takeover ‘within days’

L’Équipe report that whilst it looked like John Textor would not be taking control of Lyon by the time the OL Groupe (the current owners) set an ultimatum – it now looks like the American businessman will take over the club in a matter of days.

The OL Groupe met on Friday midday in a board meeting to asses the progress of the Textor takeover of Lyon, with two conclusions having been draw from what has been leaked from the meeting. The first is that it was simply a meeting that was part of OL Groupe’s “real time monitoring” of the takeover announced in the previous day’s press release.

However, there is growing optimism that the deal will is being completed – with an expected announcement to be made on Saturday on the matter. Sources close to Textor say that the deal is done, and that even if the formalities take several more days the American will become Les Gones’ owner. Accoridng to the same source, the signing of documents took place on Thursday and Friday, with the official closing of the deal taking longer due to “currency conversions and different flows to all banks and sellers.”

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