December 23 – France Ligue 1 leader Lille is sold to Callisto Sporting, a subsidiary of Luxembourg-based investment fund Marlin Partners.
The Marlin Partners project, funded by a former JP Morgan banker, is headed by football by former PSG and Olivieretan, president of Rennes.
Owner Gerard Lopez (Luxembourg) by Elliott Management, who is nervous about the club’s ability to repay the unpaid € 123 million with a € 250 million loan offered to Lopez at the time of the acquisition. A deal was pressed by a businessman based in Michel Seydoux in 2017.
The repayment deadline is August 2021. Elliott Management met with Lopez (pictured) earlier last week to assess the current financial position of French club football, especially the loss of Mediapro broadcast contracts.
In a statement, Lopez said, “Given the recent difficulties in the first part of France and the uncertainty surrounding the rights of television in the French League, it is as financially sound as Merlin for Lille. It is important to have a known reference owner. “
A club statement announcing the acquisition states that outstanding debt will be “significantly reduced and new shares will be injected into the club.”
It’s not clear if the club was bought just for debt or if Lopez received the amount to deliver the property.
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– Soccer Sports
League 1 leader Lille launches Christmas sale to Callisto Sports
http://www.insideworldfootball.com/2020/12/23/ligue-1-leaders-lille-pushed-christmas-sale-callisto-sporting/ League 1 leader Lille launches Christmas sale to Callisto Sports