He Lyon Olympic You can breathe after knowing Wednesday that next season you can play in the First Division (Ligue 1)after the French football financial authorities revoke the administrative decrease of the club for the financial problems it drags.
The newly appointed club president, the American Michele kangwas exultant at the press conference convened in the Groupama Stadium, a few hours after returning from the audience in Paris before the National Directorate of Management Control (DNCG) of French football.
“I am incredibly happy to be able to share what is the best possible news, thanks to the fact that the shareholders and creditors work day and night for nine days and we gave everything,” said the businesswoman with the newly appointed general director of the club, Michael Gerlinger.
The DNCG Appeal Committee keeps Olympique Lyonnais in the Honor Division but placing limits on its salary mass and spending on future signings, something that Gerlinger removed iron, ensuring that they will not affect the club since “practically” coincide with its budget for the next season.
Kang, who refused to give figures on the operation, just affirmed that, if they managed to save the club, it was because they could respond to the requirements of the financial authorities.
“The DNCG requirement is that, depending on your budget of the year and the trajectory of your expenses, you have enough liquidity to operate without the cash flow being negative. And that is what we have delivered,” said the businesswoman, who put in front of Olympique on June 30, after the resignation of John Textor.
“It is not about having money or not, if not to restore the integrity of the club. What I have promised to the DNCG is that with the changes of direction we will respect all the rules and the system with total transparency,” he added.
Michele Kang denied that the injection of money has been 80 or 100 million euros, as published in the French press. “None of those figures is correct,” he said.
What everything indicates that it is true is that she has come to the rescue with her management and putting money from her fortune, which is estimated at 1.2 billion dollars, according to Forbes.
The historic president of the Olympique de Lyon, Jean-Michel Classrooms, told the local newspaper Le program that Kang had injected “own funds” to save the club, while the Ares Investment Fund had contributed “guarantees.”
The Olympique de Lyon (OL) was relegated in a precautionary way last November by verifying that the group presided by John Textor, Eagle Football Group, dragged a debt that exceeded 500 million euros.
The regulatory authorities rejected the financial assembly of the American businessman that consisted of a multiclubes conglomerate formed by the Brazilian Botafogo, the British Palace crystal, the Belgian Molenbeek and the Olympique Lyonnais, shared players, income and debt.
The Great Varapalo arrived on June 24 when the DNCG confirmed the decrease in Lyon's Olympique when it was thought that textor had been able to correct the accounts to keep the club afloat.
It was then that the president of the female OL took the reins of the male section and threw himself at his rescue.
The only figure that was confirmed at the press conference was the 12.5 million euros that the French club must pay to UEFA for the poor state of its accounts if you want to participate in the next European League.
Michael Gerlinger declared that the Lyon will have to pay that amount the next two seasons or will be deduced from the profits obtained in the competition.
