April 17, 2024

DNCG: Cold shower for OL?

It was a big day for John Textor and Olympique Lyonnais, and the owner of the Rhone club was more optimistic after his appearance before the DNCG. I enjoyed the meeting. We were good on the figures, the American told RMC. Everyone knows what we did on player sales. We also passed on the very good debt refinancing figures.

Textor is referring to the 94 million euros recou…

It was a big day for John Textor and Olympique Lyonnais, and the owner of the Rhone club was more optimistic after his appearance before the DNCG. I enjoyed the meeting. We were good on the figures, the American told RMC. Everyone knows what we did on player sales. We also passed on the very good debt refinancing figures.

Textor is referring to the 94 million euros recouped this summer on the sales of After seeing its summer mercato disrupted by the restrictive measures imposed by the DNCG. The DNCG process is something new for me, admitted Textor on Tuesday. Now we know how to prepare for it. We learned a lot the first time around. When you buy a club you tend to think you can do whatever you want.

The constraints set last summer apply throughout the season. It’s unusual for them to lift these sanctions, but that’s what we asked them to do. We’d like to invest intelligently but significantly during the next mercato, added Textor, who would like to spend 50 million euros this winter according to L’Equipe. Our progress is impressive. Particularly the work on debt. Today we have cash. Which is great. We hope they’ll recognize that.