Back to overview

Thursday briefing: Lyon sign agreements with former president Aulas to buy back shares and end legal action

IMAGO

IMAGO

West Brom edge closer to £60 million takeover – owner Lai to choose preferred bidder

14 December 2023 - 4:30 AM

Lyon have announced that the club has signed agreements with former president Jean-Michel Aulas for the buyback of shares and the abandonment of legal complaints against his successor as owner, John Textor.

The Ligue 1 club said in a statement that the share purchase agreement, approved by the board of directors, provides for the buyback of "one third of the shares" still held in the club by Aulas' family holding company, Holnest, i.e. 4,826,540 shares at a price of €3 per unit, or

Do you want to read this article?

Get smarter in minutes. Straight to your inbox
21-day free trial

No credit card required. No strings attached. Your access ends automatically, so there’s nothing to cancel.

Activate instantly with the link we’ll send you.