OL Groupe's sale to Eagle Football: "Sufficient likeliness that a closing would take place shortly"

"The sellers (Pathé, IDG Capital, Holnest) and the company (OL Groupe) have considered that, in view of the progress, there was sufficient likeliness that a closing of the transactions would take place shortly. The company and its board of directors will monitor in real time the completion of the last remaining steps. The company will publish a press release as soon as the closing date shall be decided," announced the holding company that owns Olympique Lyonnais (Ligue 1 Uber Eats) on 08/12/2022, the day after the "final deadline" that it had set for the closing of the transaction to Eagle Football (USA). Previously, the closing date initially set for 30/09 was first postponed to 21/10, then to 17/11/2022.

"At the specific request of the board of OL Groupe, Mr. John Textor, majority shareholder of Eagle Football, has indicated today (08/12/2022) the following to the company and the sellers: Eagle Football, as of 17/11/2022, has secured all financings necessary for the completion of the transaction and signed the corresponding binding agreements with debt and equity providers. Such…