Annuncio • Jun 27
Michele Kang competed the acquisition of 87.78% stake in Eagle Football Group SA (ENXTPA:EFG) from Eagle Football Holdings Bidco Limited. Michele Kang agreed to acquire 87.78% stake in Eagle Football Group SA (ENXTPA:EFG) from Eagle Football Holdings Bidco Limited for $30 million on March 27, 2026. A cash consideration of $30 million valued at $0.1943 per share will be paid by the buyer. As part of consideration, $30 million is paid towards common equity of Eagle Football Group SA. Concurrently, agreements have been reached with Olympique Lyonnais SASU's (“OL SASU” and together with EFG, “OL Group”) senior secured lenders under the existing RCF and FCT, the financing commitment of up to €71 million provided by Michele Kang, and the release of OL Group’s liabilities towards affiliates of “Eagle Football”. The Transaction aims at providing new funding and stability to the OL Group amid severe financial difficulties. This agreement results from the competitive sale process conducted by Cork Gully, joint administrators of Eagle Bidco pursuant to the UK Insolvency Act 1986 (the “Bidco Administrators”), whose statutory duty is to maximize the value from Eagle Bidco’s assets for the benefit of its creditors. The price would, in part, be settled on a cashless basis by setting-off a portion of the debt owed by Eagle Bidco to YMK Holdings, LLC at completion. Upon completion of the acquisition of the EFG shares from Eagle Bidco, Michele Kang would become the owner of 87.78% of the shares of EFG. In the weeks following the acquisition and in compliance with applicable laws, Michele Kang will file with the French Autorité des marchés financiers (“AMF”) a mandatory tender offer for the remaining EFG shares. The Tender Offer is expected to be filed in October 2026 at the latest. Michele Kang does not intend to request a squeeze-out within the next 12 months. Michele Kang would remain Chair, Chief Executive Officer of EFG and President of OL SASU. Michael Gerlinger would remain general manager of OL SASU. Eagle Football Group S.A. will be renamed “Olympique Lyonnais Groupe S.A.” as part of the next shareholders’ meeting of the Company. The listing of the Company’s shares will resume by 24 June 2026.
The transaction is subject to approval of merger agreement by target board. The Board of Directors of Eagle Football Group SA formed a special committee for the transaction. The completion of the Transaction remains subject to the OL team being maintained in Ligue 1 for the 2026/2027 season and the completion of certain closing steps. The expected completion of the transaction is June 30, 2026.
Michele Kang completed the acquisition of 87.78% stake in Eagle Football Group SA (ENXTPA:EFG) from Eagle Football Holdings Bidco Limited on June 26, 2026. Following the satisfaction of the condition precedent relating to the OL team being maintained in Ligue 1 for the 2026/2027 season by the Direction Nationale du Contrôle de Gestion (DNCG) and the completion of certain closing steps, Michele Kang acquired today from Eagle Football Holdings Bidco Limited (in administration) (“Eagle Bidco”) all of the EFG shares held by Eagle Bidco (representing approximately 87.78% of the share capital), for an aggregate price of $30 million (approximately $0.1943 per share), in the context of the English administration proceedings. In accordance with applicable laws and regulations, Michele Kang will file a mandatory tender offer for the remaining EFG shares with the French Autorité des marchés financiers at the price of the block acquisition (the “Tender Offer”). Annuncio • Jun 24
Michele Kang agreed to acquire 87.78% stake in Eagle Football Group SA (ENXTPA:EFG) from Eagle Football Holdings Bidco Limited for $30 million. Michele Kang agreed to acquire 87.78% stake in Eagle Football Group SA (ENXTPA:EFG) from Eagle Football Holdings Bidco Limited for $30 million on March 27, 2026. A cash consideration of $30 million valued at $0.1943 per share will be paid by the buyer. As part of consideration, $30 million is paid towards common equity of Eagle Football Group SA. Concurrently, agreements have been reached with Olympique Lyonnais SASU's (“OL SASU” and together with EFG, “OL Group”) senior secured lenders under the existing RCF and FCT, the financing commitment of up to €71 million provided by Michele Kang, and the release of OL Group’s liabilities towards affiliates of “Eagle Football”. The Transaction aims at providing new funding and stability to the OL Group amid severe financial difficulties. This agreement results from the competitive sale process conducted by Cork Gully, joint administrators of Eagle Bidco pursuant to the UK Insolvency Act 1986 (the “Bidco Administrators”), whose statutory duty is to maximize the value from Eagle Bidco’s assets for the benefit of its creditors. The price would, in part, be settled on a cashless basis by setting-off a portion of the debt owed by Eagle Bidco to YMK Holdings, LLC at completion. Upon completion of the acquisition of the EFG shares from Eagle Bidco, Michele Kang would become the owner of 87.78% of the shares of EFG. In the weeks following the acquisition and in compliance with applicable laws, Michele Kang will file with the French Autorité des marchés financiers (“AMF”) a mandatory tender offer for the remaining EFG shares. The Tender Offer is expected to be filed in October 2026 at the latest. Michele Kang does not intend to request a squeeze-out within the next 12 months. Michele Kang would remain Chair, Chief Executive Officer of EFG and President of OL SASU. Michael Gerlinger would remain general manager of OL SASU. Eagle Football Group S.A. will be renamed “Olympique Lyonnais Groupe S.A.” as part of the next shareholders’ meeting of the Company. The listing of the Company’s shares will resume by 24 June 2026.
The transaction is subject to approval of merger agreement by target board. The Board of Directors of Eagle Football Group SA formed a special committee for the transaction. The completion of the Transaction remains subject to the OL team being maintained in Ligue 1 for the 2026/2027 season and the completion of certain closing steps. The expected completion of the transaction is June 30, 2026. Board Change • May 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Gilbert Saada was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • Jan 29
Eagle Football Group SA Announces Board and Committee Changes Eagle Football Group held its combined general meeting of shareholders on January 28, 2026, at the company's registered office. All resolutions put to the vote were adopted, including the ratification of the co-optation of three new directors: Victoria Wescott (independent director), Gilbert Saada (independent director), and Stephen Welch. The Board Committees are now composed as follows: Audit Committee: Gilbert Saada (Chairman), Victoria Wescott, Stephen Welch; Nomination and Compensation Committee: Sharad Tehranchi (Chairman), Deborah Andrews, Nathalie Dechy, Victoria Wescott. In addition, the Board of Directors has set up a Commercial Advisory Committee, comprising directors including Deborah Andrews (Chair) and Gilbert Saada, which will be supplemented by external figures. This committee will support the Board in overseeing the company's commercial strategy and revenue growth. Annuncio • Jan 08
Eagle Football Group Sa Announces Board Changes Eagle Football Group, during its meeting of January 6, 2026, took note of the resignations of Ms. Bethel Gorin (effective December 31, 2025) and Ms. Camille Lagache (effective January 7, 2026), two independent directors who had served on the Board since September 2023 and December 2022 respectively. It also recalled that Jamie Dinan (June 2025), John Textor (June 2025) and Mark Affolter (October 2025) have resigned since the last general meeting. The Board of Directors decided to co-opt the following directors: Mr. Stephen Welch – an Australian national with international financial expertise, independent director managing Eagle Football Holdings Bidco (the Company's controlling shareholder) – for the duration of his term of office within Eagle Football Holdings Bidco; Ms. Victoria Wescott – a British and French national, former lawyer – as an independent director; Mr. Gilbert Saada The Board of Directors of Eagle Football Group, during its meeting of January 6, 2026, took note of the resignations of Ms. Bethel Gorin (effective December 31, 2025) and Ms. Camille Lagache (effective January 7, 2026), two independent directors who had served on the Board since September 2023 and December 2022 respectively. The Company would like to warmly thank these directors for their commitment and work with the Olympique Lyonnais group. It also recalled that Jamie Dinan (June 2025), John Textor (June 2025) and Mark Affolter (October 2025) have resigned since the last general meeting. The Board of Directors decided to co-opt the following directors: Mr. Stephen Welch an Australian national with international financial expertise, independent director managing Eagle Football Holdings Bidco (the Company's controlling shareholder) for the duration of his term of office within Eagle Football Holdings Bidco;, Ms. Victoria Wescott a British and French national, former lawyer as an independent director; Mr. Gilbert Saada a French national with solid financial expertise, who has already served for several years on the Company's Board of Directors as a independent director and observer as an independent director. These co-optations will be submitted for ratification by the shareholders at the next general meeting scheduled for January 28, 2026. A more detailed presentation of the new directors can be found in the Board report to said general meeting. The other resigning directors have not been replaced. The Board of Directors now consists of 8 directors, including 4 independent directors1 and 4 women. Board Change • Dec 30
High number of new directors Independent Director Bethel Gottlieb was the last director to join the board, commencing their role in 2023. 
