Financial crisis: Tagliafico’s French team puts all its players up for sale | Olympique Lyonnais takes extreme decision to avoid sanctions
In the midst of a deep financial crisis, the French club Olympique Lyon Ireported that His entire team was put up for sale. for needs collect 100 million euros before the transfer market closes. The decision could trigger Mass exodus of playersincluding Nicholas Tagliafico, Argentina national team left back, world champion and two-time America’s champion, who joined the club in July 2022 and played 69 games.
According to the sports newspaper L’Equipe problem consists of financial management in the current transfer market, in which a total of €134.29 million was spent on the purchase of eight players.which caused economic pressure that forced the club to take extreme measures. balance the accounts. A few days before the end of the transfer period, Lyon managed to collect only 24.25 million euros.which puts him in a desperate situation.
The owner of the club is an American financier. John Textor, promised the financial body DNCG that he would achieve to raise the required 100 million euros before the market closes at the end of this monthHowever, the current reality is completely different and was only collected a quarter of the amount promised Ryan Cherki’s departure to English club Fulham in exchange for 15 million euros and Mamadou Sarr for 10 million.. Any failure to meet the financial targets set by France’s Ligue 1 could have serious economic and sporting consequences for Olympique Lyonnais, which Last season he had to refinance a €320 million commitment.
Textor is a businessman who owns 777 Partners, which in addition to Olympique Lyonnais He is the owner of Rio de Janeiro’s Botafogo (current leaders of the Brazilian championship and qualified for the quarter-finals of the Copa Libertadores) and England’s Crystal Palace, and intends to buy the historic English Everton. However, Premier League rules do not allow one owner to own two clubs in the same competition. So in order to acquire Liverpool, Textor will have to sell 45% of his shares in Crystal Palace.
Olympique Lyonnais was founded in 1950 and with seven titles won, is the fourth-largest club in the entire French league and the third-largest fan base after Olympique Marseille and Paris Saint-Germain. In 2016, a Chinese private equity fund acquired a 20% stake in Olympique Lyonnais Group for €100 million. The fund was managed by IDG Capital Partners.