In a sporting crisis, Olympique Lyonnais is also experiencing difficulties on an economic level. These obstacles encouraged owner John Textor to adopt an astonishing strategy, mainly based on the men’s teams of the Rhone club.
Things are going badly on all levels for Olympique Lyonnais. After the defeat at home against Clermont (2-1) last Sunday, the team coached by Fabio Grosso occupies the place of red lantern at the end of the 9th day of Ligue 1. And to make matters worse, the revelations of consultant Jérôme Rothen came to cause havoc in the locker room, where the Italian coach is desperately looking for the mole within the group.
Textor focuses on men’s OL
Meanwhile, John Textor attended the OL Groupe board of directors meeting on Tuesday and was able to see the worrying state of finances. Because for the fourth consecutive year, OL Groupe is reporting a loss. But again, it will take more to worry the owner of the Rhone club.
« On a sporting level, the club’s ambition remains recurring participation in the European Cup.he wrote in a press release. After a difficult start to the 23/24 season, the club wants to do everything possible to improve its performance in the short term and get closer to the best in the French Ligue 1 championship. »
???? “I am very worried”
Bruno Bernard deplores John Textor’s “illegible policy” at OL pic.twitter.com/ljzpLC8OFx
— BFM Lyon (@BFMLyon) October 19, 2023
As for the general strategy, “ the Group intends to refocus on its activities linked to men’s football and disengage in whole or in part from certain non-essential assets, the proceeds from the sale of which could be used in the training and development of young players and reduce the Group’s debt . » In addition to the final sale of the American franchise OL Reign, and the sale of the women’s Olympique Lyonnais to Michele Kang, John Textor is preparing the total or partial sale of the LDLC Arena.
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