Monday briefing: Textor loses control as Eagle Football holding company enters administration

John Textor has lost control of his Eagle Football multi-club group after its UK-based holding company was placed into administration by its main creditor, Ares Capital Corporation.

Administrators from London insolvency firm Cork Gully have taken control of Eagle Football Holdings Bidco and will begin seeking buyers for the group’s majority stakes in Botafogo, Lyon and RWDM Brussels.

In a press release announcing their appointment, Cork Gully said Ares had taken this step due to “