Asset sales sees Textor boost OL revenue to $399m
July 30 – Ligue 1 club Olympique Lyonnais, owned by controversial US investor John Textor, has reported record revenue of €368.3 million ($399 million) for the 2023-24 financial year, marking a 27% increase from the previous year’s €289.7 million.
The strong financial performance comes amid widespread economic challenges within French football, which were underscored by Bordeaux’s relegation to the third tier due to financial difficulties leading them to forfeit their professional club status last week.
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