Eagle Football Group: Michele Kang Acquires 87.78% of Shares for $30M
The transaction, announced six days earlier on June 23, 2026, follows the confirmation of Olympique Lyonnais remaining in Ligue 1 for the 2026-2027 season.
Acquisition of the Controlling Stake for $30 Million
Olympe Bidco has acquired all the shares held by Eagle Bidco (in administration), representing approximately 87.78% of the share capital of Eagle Football Group. The price of this transaction is set at $30 million, or about $0.1943 per share.
This acquisition occurred after fulfilling the suspensive condition related to the maintenance of the OL team in Ligue 1 for the 2026-2027 season, as confirmed by the National Directorate of Management Control (DNCG).
Mandatory Tender Offer on the Remaining Shares
Under applicable legal and regulatory provisions, Olympe Bidco is required to launch a mandatory public tender offer (OPA) for the remaining shares of Eagle Football Group at the price of $0.1943 per share to the Financial Markets Authority. Eight Advisory, appointed by the board on June 23, 2026, will serve as the independent expert in this operation.
Debt Restructuring and Group Financing
The OL group has benefited from an initial shareholder loan tranche of 31 million euros provided by Olympe Bidco, with a commitment that could reach up to 71 million euros over the next two football seasons. The rescheduling of the debt with the first-tier secured creditors of OL SASU has become effective. The debts of the OL group towards the affiliates of Eagle Football have been released.
Michele Kang retains her position as President and CEO of Eagle Football Group and President of OL SASU. Michael Gerlinger remains as the General Manager of OL SASU. The OL group has been removed from the scope of affiliates of Eagle Bidco. The company will be renamed 'Olympique Lyonnais Groupe S.A.' at the next general meeting.
