Olympique Lyonnais is on the verge of a new chapter in its history. Michele Kang, a minority shareholder of the club, has reportedly completed the takeover of the team, according to L’Équipe and RMC Sport.

What happened?

Michele Kang, who was until now the president and minority shareholder of OL, has reached an agreement with Ares, the main creditor of Eagle Bidco, and Cork Gully, the administrator in charge of the liquidation of the holding company that owns around 87% of OL.

Why is this important for Olympique Lyonnais?

This operation is based on a cash injection before the meeting with the French football financial regulator. This means that OL will have the means to strengthen itself for the upcoming season.

What comes next?

The Rhone club has a meeting with the DNCG on Tuesday. This hearing will be crucial in determining the future of OL. With Michele Kang's takeover, will the Gones finally find the financial stability they lack?

StatValue
Ligue 1 position4th
Season2025-2026