John Textor, owner of Lyon, spoke on the issue relating to the preventive relegation decided by the DNCG. Here are his words at the press conference:
“We will not be relegated. Our shareholders have the resources. Nobody will allow the club to be relegated. We are very optimistic.” And again: “There is no possibility of failure, at all levels (sale of players, stock market, sale of Crystal Palace…). At the end of the season we will have saved more than 50 million euros in wages.
Textor explains: “The auditor and the DNCG did not want to consider the sale of Crystal Palace and the IPO. However, four well-known investment banks have already come forward for the IPO Raise. We will have American collaborators but also from all over the world (on the sale of the Crystal Palace). There are four potential buyers from well-known companies, billionaires from all over the world and leaders of large technology companies. They won’t buy at the amount I wanted but it’s a lot more money than necessary for what OL needs.”