Soccer Football - UEFA Women's Champions League - Final - FC Barcelona v OL Lyonnes - Ullevaal Stadion, Oslo, Norway - May 23, 2026 OL Lyonnes president Michele Kang alongside UEFA president Aleksander Ceferin before the match REUTERS/Bernadett Szabo
24 Jun 2026 12:02AM
June 23 : Sports businesswoman Michele Kang, who has been the chair and CEO of Eagle Football Group, has offered to pay $30 million for an 88 per cent 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)
