Kang moves to take control of Olympique Lyonnais owner EFG for $30 million
Sport
June 23 : Sports businesswoman Michele Kang, who has been the chair and CEO of Eagle Football Group, has offered to pay $30 million for an 88 per cent stake in a deal which also includes €71 million ($81 million) in financing aimed at restructuring the debt of the owner of French soccer club Olympique Lyonnais. • Kang offered to buy the stake in EFG for a fraction of its market value as the group struggles with servicing of debts, which stood at €616.3 million as of December 31. • Olympique
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