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Questions remain over how new Lille owner intends to turn a profit following Gerard Lopez' departure

PA Images | Gerard Lopez in January said Lille must make a net transfer profit of at least €30 million every year just to break even. That has seemingly not been the case.

The businessman has reportedly agreed to sell following pressure from Lille's major creditors Elliott Management and JP Morgan over the club's debt repayment.

How the new owner, a Luxembourg-based investment fund, is better suited to handle Lille's financial obligations remains a question mark.

Lille, currently first in Ligue 1, have combined losses of more than €240 million over the tree-year period leading up to last season.

17 December 2020 - 2:20 PM

By Emil Gjerding Nielson

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