Michele Kang's Acquisition Agreement for the OL Group

Olympique Lyonnais (OL) is poised to come under the control of Michele Kang following an agreement with Eagle Bidco and its creditors. Kang, through his acquisition vehicle Olympe Bidco, will acquire 87.78% of the company's share capital for $30 million. He will also inject €71 million to bolster OL's fragile financial situation. A debt restructuring is planned, including an 18-month rescheduling of the RCF/TL and FCT facilities. The completion of this transaction is contingent upon OL remaining in Ligue 1. Finally, a mandatory public tender offer will be launched by Olympe Bidco.