Lyon. Wow. Handed a provisional relegation to Ligue 2 unless finances improve. Debt level reportedly at €508m! Some detail from @gffn.bsky.social 👇 - ThreadSky

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stighefootball.bsky.social • 133 days ago

Lyon. Wow.

Handed a provisional relegation to Ligue 2 unless finances improve. Debt level reportedly at €508m!

Some detail from @gffn.bsky.social 👇

Comments

travislevison52.bsky.social•133 days ago

They’re really screwed. Debt level is that high Vs revenues of around 350m - which includes around 100m for sale of their Women’s teams, an arena they owned, and a payment from Ligue 1’s CVC deal, all of which won’t be there next year!

Plus there’s a huge drop in broadcasting revenue coming!

amnesiac13.bsky.social•133 days ago

I'm beginning to think Textor has no idea how to run a football club. No wonder Aulas had seller's remorse within 5 minutes of signing the deal. He must have sensed something.

j-bwp.bsky.social•132 days ago

Does he control any others (Palace is a non controlling stake right?)? Hie long has he owned Lyon for?

travislevison52.bsky.social•132 days ago

He owns Botafogo in Brazil and Molenbeek in Belgium, owned Lyon since December 2022

j-bwp.bsky.social•132 days ago

How are the first two doing

travislevison52.bsky.social•132 days ago

Molenbeek very bad, last winter they got their record signing just as a tool to loan and sell to Lyon eventually (e.g. Savinho to City).

Botafogo top of the league I think, but been lots of drama - look into it it’s very funny!

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