New American owner at Lyon aims to spend and chase down PSG

PARIS: American investor John Textor became the main shareholder of French soccer club Lyon on Tuesday and immediately targeted the dominance of rival Paris Saint-Germain.

Lyon last won the French title in 2008 and have struggled to compete as PSG spent lavishly to win Ligue 1 in eight of the past 10 seasons.

Textor’s new club placed eighth in the season just ended, 25 points behind a PSG team with superstar forward Lionel Messi, Kylian Mbappe and Neymar.

“I don’t like these models like PSG,” Textor said at a news conference in Lyon. “Great team, whatever, great athletes, we all love to watch them.

“I think over the few years we want to go after them. We want to win titles here. We are going to show up and we are going to spend,” he said.

Player transfer spending was promised in a capital injection of €86 million ($90 million) as part of Lyon’s deal with Textor’s Eagle Football Holdings that valued the club at around €800 million ($840 million). The club owns its 59,000-seat stadium that hosted the 2019 Women’s World Cup final and the women’s team has been European champion six of the last seven seasons.

The Lyon men’s team has never won the Champions League though was twice a semifinalist, including a 2020 loss to Bayern Munich which then beat PSG in the final.

Lyon join Brazilian club Botafogo, Crystal Palace of the English Premier League and Molenbeek in Belgium in Textor’s international soccer portfolio.

Community-driven clubs who can share knowledge and identify talent worldwide was the common theme, the technology entrepreneur said.

Textor said Lyon’s finances were “on a really sound footing” and pointed to its revenue-earning potential from expertise in sports, entertainment and technology.

Te