OL Groupe: “We want to spend our money on football, not on basketball or music” (John Textor)

"Our business model is pretty clear: we want to spend our money on football, not on basketball or music. The group has borrowed and paid €140m to build this stadium. It is likely to generate around €10m a year in profits. A facility worth €180m - because we can sell it for €180m - with an annual return on investment of €10m is a bad investment," said John Textor, president of Olympique Lyonnais (Ligue 1 Uber Eats) and CEO of OL Groupe, to the French daily Le Monde on 14/12/2023.

The American refers to the LDLC Arena, an event venue located at OL Vallée (Décines-Charpieu, FRA) and entirely financed by OL Groupe, which was inaugurated on 23/11/2023 and which Tony Parker, majority shareholder and president of LDLC ASVEL (Betclic Élite), as well as Jean-Michel Aulas, former president of OL, are particularly interested in acquiring. "We have received five different offers," said John Textor.

"On the other hand, if we were to invest €30m to build a training centre in Brazil on the same level as the one in Lyon, with the same methods, it could generate €30 to €40m a year in revenue from the…