AMERICAN businesswoman Michele Kang has become the majority shareholder of French club Lyon, the Ligue 1 outfit’s previous owners Eagle Football Group (EFG) announced on Friday.
Kang, who has run Lyon for the past year, has acquired 87.78 per cent of the club’s share capital for a price of $30 million, the group said in a statement. The purchased stake represents all of EFG’s shares held by Eagle Bidco — the holding company which is under judicial administration. “It is with immense pride and great honour that I announce the successful closing of the deal,” Kang told reporters at a press conference at the club’s headquarters, adding that they had received approval after French football’s financial regulator had confirmed that Lyon would remain in the top flight. The 67-year-old, who already owns Lyon’s women’s team, had been interviewed on Tuesday by the regulator body and had presented her takeover plan to them. — AFP