Kang moves to take control of Olympique Lyonnais owner EFG for $30 million (updated)

Eagle Football SA

23/06/2026 17:01

Adds details, background

    June 23 (Reuters) - Sports businesswoman Michele Kang, who has been the chair and CEO of Eagle Football Group EEFG.PA, has offered to pay $30 million for an 88% stake in a deal which also includes €71 million ($81 million) in financing aimed at restructuring the debt of the owner of French soccer club Olympique Lyonnais.
Kang offered to buy the stake in EFG for a fraction of its market value as the group struggles with servicing of debts, which stood at €616.3 million as of December 31.
Olympique Lyonnais was sanctioned with relegation to Ligue 2 in June 2025 over its financial problems, but this was overturned by the appeals committee of French soccer's financial watchdog
EFG's board of directors said it will express its reasoned opinion on the proposed tender offer in due course
The company would be renamed "Olympique Lyonnais Groupe S.A." at the next shareholders meeting, EFG added.
Kang already owns women's team OL Lyonnes
($1 = 0.8789 euros)

(Reporting by Tristan Veyet and Mateusz Rabiega; Editing by Aidan Lewis and Alexnder Smith)
((Mateusz.Rabiega@thomsonreuters.com; +48 58 769 67 57;))