Ol groupe: The stock market ignites for OL, while its boss judges that the takeover by Textor has already been signed

(BFM Bourse) – For the president of OL Groupe, the takeover of the club by John Textor is beyond doubt. The agreement with the American businessman being firm and without condition precedent, Jean-Michel Aulas therefore displays his serenity a few days before the deadline, and makes it known in the columns of the newspaper. The team.

For Jean-Michel Aulas, the takeover of OL Groupe by American businessman John Textor will go all the way. In the columns of The teamthe OL boss stepped up and “assured that he had no doubts” about the finalization of the club’s sale to American businessman John Textor, with “whom he would have discussed at length” last Sunday during of the OL-PSG match counting for the 8th day of Ligue 1. “The deal is already signed”, he underlines.

The reassuring remarks on the process of selling OL Groupe by Jean-Michel Aulas had the desired effect on the stock market, the title soaring 17% to 2.86 euros after having lost almost 11% the day before.

“The signed agreement is a firm agreement with no suspensive conditions from the start. There is a deadline, September 30,” he told L’Equipe newspaper. This interview is also intended to silence the rumors about a possible defection of the American businessman for lack of additional funding, and this a few days before the deadline. John Textor has until September 30 to formalize his acquisition, via his holding Eagle Football.

The boss of OL Groupe also indicates in this interview that he hopes for an agreement with the American businessman and a pool of 13 banks involved in the operation on the terms of the recovery of the debt, estimated at more than 400 million euros. This amount is in addition to the 468 million euros that the American businessman has planned to invest to afford the Gones club.

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Doubts about the viability of the operation were allowed when one of John Textor’s two partners had recently withdrawn from the round of financing, had then advanced The team in a previous article. The financing share of the investor in question had then been rejected by the creditor banks, again according to information from The team. Finally, John Textor would have found support on the side of Mark Affolter, a businessman also American, partner in the investment fund Ares Management. He should “provide most of the financing for the takeover of OL”, adds the sports daily.

Delisting at 3 euros per share

The process of selling OL Groupe has been under way since March after the wish of OL’s two main shareholders, the Pathé Group and the Chinese investment fund IDG, to withdraw from the capital of the company which owns among others the Gones club.

The club’s historic president, Jean-Michel Aulas, then announced in early June his intention to have “concluded the subject” of the arrival of new investors by “June 23”. And it was John Textor, owner of the Botafogo and RWD Molenbeek football clubs, who set his sights on Jean-Michel Aulas’ club, seduced in particular by the club’s project in the basketball world. However, the emblematic president of the Rhone club will remain in place at OL for the next three years, i.e. until 2025.

Barring a major twist, OL Groupe should be delisted by the end of the year at a price of 3 euros per share. Far from the 24 euros retained during the IPO of the club in 2007 on Euronext Paris, a year after the lifting of the ban by French clubs to make public calls for savings.

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Sabrina Sadgui – ©2022 BFM Bourse

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