According to the authoritative French sports newspaper Équipe, Lyon is going to be taken over by the American businessman Foster Gillett, with the formalization coming in the next ten days.
The “Lions” finished eighth in the French championship this year, while their last important title victory was the conquest of the French Cup, ten years ago (2012).
Gillett reached an agreement to become the new majority shareholder in the club thanks to an offer of around 600 million euros. Jean-Michel Olas, owner of Lyon since 1987, will remain president, at least for the foreseeable future.
Already in March the minority shareholders of the association, Pathé and IDG Capital Partners, are trying to sell their shares. Both have a share of just under 20% in Lyon.
According to Équipe, Gillette’s offer provides for the allocation of more than 300 million euros for the acquisition of the shares of Pathé and IDG, with the purchase of some shares of Olas, while another 100 million euros will go to the club’s coffers.
It should be noted that Foster Gillett is the son of the former co-owner of Liverpool, George Gillett.