Money is available: The owner of Lyon has stated that he will save the club from relegation
Alex Olise
Dailysports's expert
Translated by the editors
Businessman John Textor, owner of Lyon and Botafogo, held a press conference on Saturday to address the sanctions imposed on the French club due to its financial crisis. Textor reassured that the club would resolve its issues by the end of the year.
Quote: “According to our forecasts, we will have more funds than necessary. The DNCG decision will not affect our transfer activities. The deficit that needs to be covered by the end of the year is 100 million euros.
I want to tell the world: Lyon will not be relegated. It’s impossible. The DNCG didn’t take into account our multi-club model and future prospects. We have the resources, and if they aren’t enough, we have shareholders. No one will allow the club to be relegated to a lower league.”
Reminder: Textor emphasized that the sale of 45.3% of Crystal Palace shares, part of Eagle Football Holdings, will fully cover Lyon’s deficit. He also hinted at the possibility of selling players from Botafogo to help the group manage its financial challenges.
