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Textor insists Lyon takeover is still on despite missing ‘final’ deadline

John Textor (Getty Images)

American investor John Textor has insisted that his takeover of Olympique Lyonnais will go ahead “in the coming days”, despite being given a “final” deadline of yesterday (Wednesday) to complete the deal for the Ligue 1 club.

On Monday, Textor was given an ultimatum by OL Groupe, the holding company of Olympique Lyonnais, to complete the transaction, which will see Textor purchase shares from Lyon’s president and majority shareholder Jean-Michel Aulas as well as the approximate 40-per-cent stake owned by film production and distribution company Pathé and Chinese investment fund IDG Capital.

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