American businessman John Textor has announced his intention to step back from the daily operations at Lyon FC following the club's confirmed relegation to Ligue 2. This decision comes after financial issues were revealed by the DNCG, France’s football financial watchdog. Textor, who also owns Botafogo, admitted he struggled with French football politics and plans to concentrate more on Eagle Football Group, assuring supporters of Lyon's financial health despite the relegation. He expressed confidence in the club's liquidity, contrasting it with his management experience in France.
Textor expressed, 'It's clear that I've been much better on the pitch than managing France. I have not been so good at the politics of France.'
He stated, 'I will tell you that we're very well capitalised in France,' highlighting Lyon's financial resilience despite relegation.
Textor highlighted, 'We're never been more liquid in cash,' assuring fans of Lyon's financial stability during challenging times.
He mentioned, 'I've got very good partners in the Eagle Football Group shareholders who are going to take a lead,' indicating a shift in management strategy.
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