OL Groupe: final deadline for the group's sale to Eagle Football Holdings (USA) set for 07/12/2022

"In view of the progress made in the last 48 hours, the sellers (Pathé, IDG Capital, Holnest) and OL Groupe have agreed to grant Eagle Football Holdings (USA) a final deadline as at 07/12/2022 to reach a final, unconditional and financed agreement with all parties, on the basis of which the closing process can be initiated," announced the holding company that owns Olympique Lyonnais (Ligue 1 Uber Eats) on 05/12/2022, the day after its board of directors meeting. The date for completion of the sale, initially set for 30/09, was first postponed until 21/10, then 17/11/2022.

"After the expiry of such deadline, the sellers and OL Groupe will have no other choice than to conclude that it has become unproductive to give Eagle Football additional time to complete the transactions that Eagle has unconditionally undertaken to complete under the terms of the agreements signed on 07/07/2022," explained OL Groupe, which added that it would "consider alternative sources to strengthen its equity, to ensure that it will have solutions available rapidly in the event that the transactions with…