Eagle Football Group: sale of the LDLC Arena to HOLARENA finalised

"As announced to the market on 06/06, the sale of OL Vallée Arena (the company operating the LDLC Arena) to Holnest (Jean-Michel Aulas' family holding company) and a group of investors (in a newly-created company called HOLARENA) was completed today," announced Eagle Football Group (formerly OL Groupe) on 12/06/2024. Exclusive discussions between the two parties had been announced on 02/04/2024.

"The transaction was authorised by the board of directors on 05/06/2024. The sale of 100% of the company's shares and current account of Eagle Football Group is worth around €70m, based on a valuation of the company estimated at around €160m. The transaction will be settled in the form of Eagle Football Group shares held by Holnest for around €16m, and the balance in cash for around €54m," explained the Group, headed by the American John Textor, when announcing the sale agreement on 06/06.

HOLARENA, a company formed as part of this transaction, is 60% owned by Holnest. The company's other shareholders are Groupama Rhône-Alpes Auvergne, the second largest shareholder (15%), Groupe LDLC…