Wednesday briefing: Lyon sale process advances as Kang and Ares position for takeover

Olympique Lyonnais are moving closer to a sale after Eagle Football Group confirmed the creation of an independent committee to oversee a potential change of control.

The group said on Tuesday the committee will manage conflicts of interest as the club enters a sale process, with shares held by Eagle Bidco at the centre of any transaction. According to French media, existing stakeholders Ares Management and Michele Kang have already positioned themselves as potential buyers.

Eag