OL Groupe: closing of the sale to Eagle Football Holdings (USA) scheduled for 19/12/2022

"Eagle Football Holdings LLC and its financing sources, as well as the sellers (Pathé, IDG Capital, Holnest) and OL Groupe, are now ready to launch the closing process. Taking into account mechanical delays inherent to this type of process, such closing should take place on 19/12/2022," announced the holding company that owns Olympique Lyonnais (Ligue 1 Uber Eats) on 10/12/2022. Initially set for 30/09/2022, the closing date of the transaction has been postponed several times.

"Following the last press release of 08/12/2022, Eagle has now confirmed that all consents that were necessary have been obtained, and related agreements signed, so that all conditions have been satisfied to complete the transaction," explained OL Groupe.

"We feel confident that the remaining consents should be obtained and the agreements signed shortly so that all conditions shall be satisfied to complete the transaction. The amounts secured under the financing arrangements between Eagle Football and its debt and equity financing sources will be readily available to enable the closing of the transaction in…